Short Interest in Neste Oyj (OTCMKTS:NTOIY) Drops By 20.4%

Neste Oyj (OTCMKTS:NTOIY) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 29,200 shares, a drop of 20.4% from the May 31st total of 36,700 shares. Based on an average daily volume of 178,900 shares, the short-interest ratio is presently 0.2 days.

Neste Oyj Stock Down 1.3 %

Shares of NTOIY stock opened at $8.85 on Friday. The stock has a 50-day simple moving average of $10.71 and a 200 day simple moving average of $13.93. Neste Oyj has a fifty-two week low of $8.79 and a fifty-two week high of $21.00.

Wall Street Analyst Weigh In

Separately, TD Cowen lowered their price target on Neste Oyj from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Thursday, March 14th.

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.