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

Key Points

• Short interest increased 52.8% to 12,650 shares as of September 15, up from 8,281 shares at the end of August. Short interest represented approximately 0.0% of shares outstanding, with a short-interest ratio of 0.1 days.
• Neste OYJ shares opened at $18.54, down 0.4%, and remained near the upper end of their 12-month range of $9.14 to $20.29. The company has a $28.49 billion market capitalization and a P/E ratio of 16.18.
• The company exceeded quarterly earnings expectations, reporting $0.58 in EPS versus the $0.56 consensus, though revenue of $6.81 billion fell short of the $7.19 billion estimate. Analysts maintain a consensus “Buy” rating, including a recent Goldman Sachs upgrade to “strong-buy.”

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 12,650 shares, a growth of 52.8% from the August 31st total of 8,281 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 99,526 shares, the short-interest ratio is currently 0.1 days.

Neste OYJ Trading Down 0.4%

NTOIY opened at $18.54 on Thursday. Neste OYJ has a 12-month low of $9.14 and a 12-month high of $20.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.81. The stock has a market capitalization of $28.49 billion and a PE ratio of 16.18. The firm's fifty day moving average price is $18.30 and its 200 day moving average price is $16.92.

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

Wall Street Analyst Weigh In

NTOIY has been the topic of a number of analyst reports. The Goldman Sachs Group raised Neste OYJ from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 3rd. Zacks Research lowered Neste OYJ from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 16th. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.

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