Neste Oyj (OTCMKTS:NTOIY) Sees Large Increase in Short Interest

Neste Oyj (OTCMKTS:NTOIY) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 40,400 shares, an increase of 140.5% from the January 31st total of 16,800 shares. Based on an average daily volume of 229,200 shares, the days-to-cover ratio is presently 0.2 days.

Neste Oyj Stock Performance

Shares of OTCMKTS NTOIY traded down $0.09 during midday trading on Friday, hitting $4.40. The stock had a trading volume of 140,886 shares, compared to its average volume of 135,305. Neste Oyj has a 1-year low of $4.37 and a 1-year high of $15.00. The company has a fifty day moving average price of $5.97 and a 200 day moving average price of $7.67.

Neste Oyj Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.1049 per share. The ex-dividend date is Thursday, March 27th. Neste Oyj’s dividend payout ratio is currently 45.88%.

Neste Oyj Company Profile

Neste Oyj provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics to wholesale markets.