Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY) Short Interest Update

Key Points

• Neste OYJ experienced a significant increase in short interest of 173.9% in August, with totals rising from 4,600 to 12,600 shares.
• The stock received a "hold" rating upgrade from Zacks Research, aligning with an average rating of "hold" based on recent analyst evaluations.
• Neste OYJ's shares are currently trading down 2.1% at $9.71, and the company has a market capitalization of $14.92 billion.

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 12,600 shares, an increase of 173.9% from the August 15th total of 4,600 shares. Based on an average daily volume of 73,600 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 73,600 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

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

Neste OYJ Trading Down 2.7%

Shares of NTOIY traded down $0.27 during midday trading on Thursday, reaching $9.66. The stock had a trading volume of 128,505 shares, compared to its average volume of 100,621. The company's 50-day moving average is $8.62 and its 200 day moving average is $6.41. Neste OYJ has a 12-month low of $3.75 and a 12-month high of $10.24. The company has a market capitalization of $14.84 billion and a price-to-earnings ratio of 18.03.

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.