Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Short Interest Down 43.8% in August

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 20,604 shares, a decline of 43.8% from the July 30th total of 36,635 shares. Based on an average trading volume of 63,869 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Neste OYJ currently has a consensus rating of “Buy”.

Neste OYJ Trading Down 1.7%

OTCMKTS:NTOIY opened at $18.02 on Friday. The stock has a market cap of $27.69 billion and a price-to-earnings ratio of 15.72. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average price is $17.18 and its 200-day moving average price is $15.92. Neste OYJ has a 52 week low of $9.00 and a 52 week high of $19.31.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts forecast that Neste OYJ will post 1.62 earnings per share for the current fiscal year.

About Neste OYJ

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.