Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Sees Large Increase in Short Interest

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 49,989 shares, an increase of 106.2% from the May 14th total of 24,246 shares. Based on an average daily trading volume, of 103,053 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Royal Bank Of Canada upgraded shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Four analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Neste OYJ presently has a consensus rating of “Buy”.

Neste OYJ Stock Down 4.4%

OTCMKTS NTOIY traded down $0.73 on Friday, hitting $16.04. 41,960 shares of the company were exchanged, compared to its average volume of 55,204. The company has a market cap of $24.65 billion and a PE ratio of 29.70. Neste OYJ has a 12 month low of $5.80 and a 12 month high of $18.11. The stock has a fifty day moving average of $16.03 and a 200-day moving average of $13.74. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64.

Neste OYJ (OTCMKTS:NTOIY) last issued its earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10. The business had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.84 billion. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. As a group, analysts forecast that Neste OYJ will post 1.39 earnings per share for the current year.

Neste OYJ Company Profile

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.