Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Stock Short Interest Climbs 52.8%

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 12,650 shares, a growth of 52.8% from the August 31st total of 8,281 shares. Based on an average trading volume of 99,526 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

NTOIY has been the topic of several research reports. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Neste OYJ currently has a consensus rating of “Buy”.

Neste OYJ Price Performance

NTOIY opened at $18.54 on Thursday. The firm has a market cap of $28.49 billion and a price-to-earnings ratio of 16.18. Neste OYJ has a fifty-two week low of $9.14 and a fifty-two week high of $20.29. The company’s 50-day moving average price is $18.30 and its 200 day moving average price is $16.92. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50.

Neste OYJ (OTCMKTS:NTOIY) last issued its earnings results on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.19 billion. As a group, sell-side analysts expect that Neste OYJ will post 1.73 earnings per share for the current year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.