Short Interest in Neste Oyj (OTCMKTS:NTOIF) Rises By 89.4%

Neste Oyj (OTCMKTS:NTOIF) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,031,030 shares, a growth of 89.4% from the May 14th total of 544,405 shares. Based on an average daily trading volume, of 457 shares, the days-to-cover ratio is presently 2,256.1 days.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank Of Canada upgraded Neste Oyj from a “sector perform” rating to an “outperform” rating in a report on Thursday, March 12th. Barclays upgraded Neste Oyj from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Neste Oyj Price Performance

Shares of OTCMKTS:NTOIF traded down $0.50 during trading on Friday, hitting $31.05. The company had a trading volume of 15,391 shares, compared to its average volume of 4,863. Neste Oyj has a one year low of $12.00 and a one year high of $35.29. The company has a fifty day simple moving average of $32.22 and a two-hundred day simple moving average of $27.20.

About Neste Oyj

Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.

The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils.