Neste Oyj (OTCMKTS:NTOIF) Short Interest Update

Neste Oyj (OTCMKTS:NTOIF) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 3,986,500 shares, a drop of 14.9% from the September 30th total of 4,683,600 shares. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is presently 447.9 days.

Neste Oyj Stock Up 1.0 %

Shares of OTCMKTS NTOIF traded up $0.16 during trading hours on Tuesday, hitting $16.17. The company’s stock had a trading volume of 100 shares, compared to its average volume of 2,209. Neste Oyj has a 12 month low of $16.00 and a 12 month high of $38.54. The business has a 50-day simple moving average of $19.93 and a 200-day simple moving average of $20.86.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded Neste Oyj from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 29th.

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.