Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY) Short Interest Down 89.4% in August

Key Points

• Neste OYJ's short interest significantly decreased by 89.4% in August, dropping from 43,500 shares to just 4,600 shares.
• The company received a "hold" rating from Zacks Research, contributing to a consensus rating of "Hold" among analysts.
• As of recent trading, shares of Neste OYJ reached $9.29, with a trading volume of 18,228 shares compared to an average of 30,598.

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 4,600 shares, adecreaseof89.4% from the July 31st total of 43,500 shares. Based on an average trading volume of 81,300 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 81,300 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Neste OYJ to a "hold" rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Neste OYJ Stock Performance

Shares of NTOIY traded up $0.09 during mid-day trading on Tuesday, reaching $9.29. The stock had a trading volume of 18,228 shares, compared to its average volume of 30,598. Neste OYJ has a 12 month low of $3.75 and a 12 month high of $11.33. The business has a fifty day moving average of $8.01 and a 200 day moving average of $6.04.

Neste OYJ Company Profile

Neste Oyj provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics to wholesale markets.

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