Neste Oyj (OTCMKTS:NTOIF) Sees Significant Decrease in Short Interest

Neste Oyj (OTCMKTS:NTOIF) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 3,986,500 shares, a decline of 14.9% from the September 30th total of 4,683,600 shares. Based on an average daily trading volume, of 8,900 shares, the days-to-cover ratio is currently 447.9 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 research report on Thursday, August 29th.

Neste Oyj Price Performance

NTOIF stock opened at $16.00 on Monday. The stock has a 50-day moving average price of $20.03 and a two-hundred day moving average price of $20.93. Neste Oyj has a 12-month low of $16.00 and a 12-month high of $38.54.

About Neste Oyj

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.