Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY) Short Interest Up 227.0% in September

Key Points

• Neste OYJ experienced a significant increase in short interest in September, rising by 227.0% to a total of 41,200 shares.
• The company's stock opened at $9.47 and has shown a 12-month high of $10.24, with a market capitalization of $14.55 billion.
• Analysts have mixed views on Neste OYJ, with Goldman Sachs downgrading it to a "hold" rating while Zacks Research maintained the same rating.

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 41,200 shares, a growth of 227.0% from the August 31st total of 12,600 shares. Based on an average daily volume of 37,000 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 37,000 shares, the days-to-cover ratio is currently 1.1 days.

Neste OYJ Trading Up 3.3%

NTOIY stock opened at $9.47 on Thursday. The firm has a 50 day moving average of $9.05 and a 200-day moving average of $6.74. The firm has a market capitalization of $14.55 billion and a P/E ratio of 17.68. Neste OYJ has a 12 month low of $3.75 and a 12 month high of $10.24.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. The Goldman Sachs Group cut shares of Neste OYJ from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. Zacks Research raised shares of Neste OYJ to a "hold" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

About Neste OYJ

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.