Neste Oyj (OTCMKTS:NTOIF) Short Interest Update

Neste Oyj (OTCMKTS:NTOIF) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 3,048,800 shares, a drop of 22.4% from the October 31st total of 3,931,000 shares. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is currently 923.9 days.

Wall Street Analysts Forecast Growth

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

Neste Oyj Stock Performance

NTOIF remained flat at $14.84 on Friday. 3,836 shares of the company traded hands, compared to its average volume of 2,111. Neste Oyj has a 52 week low of $13.25 and a 52 week high of $38.54. The stock’s 50 day simple moving average is $16.52 and its 200 day simple moving average is $18.91.

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.