Neste Oyj (OTCMKTS:NTOIF – Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,230,322 shares, a growth of 112.7% from the August 15th total of 578,399 shares. Based on an average trading volume of 404 shares, the short-interest ratio is presently 3,045.4 days.
Neste Oyj Stock Up 0.4%
Shares of NTOIF stock opened at $38.45 on Wednesday. The business has a 50-day moving average price of $35.88 and a two-hundred day moving average price of $32.77. Neste Oyj has a 12-month low of $17.50 and a 12-month high of $39.10.
About Neste Oyj
Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.
The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils.
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