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

Neste Oyj (OTCMKTS:NTOIY – Get Rating) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 8,200 shares, a growth of 182.8% from the April 30th total of 2,900 shares. Based on an average daily trading volume, of 47,600 shares, the short-interest ratio is currently 0.2 days.

Neste Oyj Price Performance

NTOIY traded up $0.24 on Friday, reaching $19.33. The stock had a trading volume of 35,999 shares, compared to its average volume of 29,532. Neste Oyj has a fifty-two week low of $19.07 and a fifty-two week high of $26.03. The firm has a 50-day moving average of $23.23 and a 200-day moving average of $23.70.

Neste Oyj Increases Dividend

The business also recently declared a dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, March 30th were paid a $0.2322 dividend. This is a boost from Neste Oyj’s previous dividend of $0.12. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a dividend yield of 1.54%. Neste Oyj’s dividend payout ratio is presently 45.88%.

Analyst Ratings Changes

NTOIY has been the subject of a number of research analyst reports. Societe Generale raised Neste Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, March 14th. UBS Group cut Neste Oyj from a “buy” rating to a “neutral” rating in a report on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $56.00.

Neste Oyj Company Profile

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Neste Corp. engages in the production of petroleum products and supply of renewable diesel. It operates through the following segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, renewable jet fuels and solutions, renewable solvents as well as raw material for bioplastics.