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

Key Points

• Short interest fell 59.8% to 8,281 shares as of August 31, down from 20,604 shares on August 15. The stock has a days-to-cover ratio of 0.1 and approximately 0.0% of shares short.
• Neste OYJ shares opened at $19.00, near the one-year high of $19.58, with a market capitalization of $29.19 billion and a P/E ratio of 16.58. The stock was reported down 0.8%.
• The company beat quarterly EPS expectations, reporting $0.58 versus the $0.56 consensus, though revenue of $6.81 billion missed the $7.19 billion estimate. Analyst sentiment remains positive, with a consensus rating of Buy.

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 8,281 shares, a drop of 59.8% from the August 15th total of 20,604 shares. Based on an average daily trading volume, of 55,801 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Neste OYJ Stock Down 0.8%

Neste OYJ stock opened at $19.00 on Friday. Neste OYJ has a one year low of $9.00 and a one year high of $19.58. The stock has a fifty day moving average of $17.84 and a 200 day moving average of $16.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. The stock has a market cap of $29.19 billion and a PE ratio of 16.58.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Zacks Research cut shares of Neste OYJ from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 16th. The Goldman Sachs Group raised shares of Neste OYJ from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 3rd. Four research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy".

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.

Founded in 1948, Neste was established as Finland's national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.

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