Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Short Interest Up 1,834.5% in April

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 48,924 shares, an increase of 1,834.5% from the April 15th total of 2,529 shares. Based on an average trading volume of 86,846 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are sold short.

Neste OYJ Trading Up 3.6%

Shares of NTOIY traded up $0.58 during trading hours on Monday, hitting $16.79. 76,980 shares of the stock were exchanged, compared to its average volume of 56,061. Neste OYJ has a fifty-two week low of $4.99 and a fifty-two week high of $18.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The business has a 50-day moving average of $15.39 and a 200-day moving average of $12.69. The firm has a market capitalization of $25.80 billion and a P/E ratio of 31.10.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.10. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The company had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.84 billion. On average, research analysts expect that Neste OYJ will post 1.39 EPS for the current year.

Analyst Ratings Changes

NTOIY has been the subject of several recent research reports. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. The Goldman Sachs Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Zacks Research upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada upgraded shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Four investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Neste OYJ Company Profile

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.