Neste Oyj (OTCMKTS:NTOIY) Short Interest Up 1,300.0% in March

Neste Oyj (OTCMKTS:NTOIY) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 1,400 shares, a growth of 1,300.0% from the February 29th total of 100 shares. Based on an average daily volume of 173,100 shares, the short-interest ratio is currently 0.0 days.

Neste Oyj Stock Performance

Shares of OTCMKTS NTOIY opened at $13.71 on Thursday. Neste Oyj has a 12 month low of $12.81 and a 12 month high of $25.16. The firm has a fifty day simple moving average of $14.97 and a two-hundred day simple moving average of $16.73.

Neste Oyj Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 24th. Investors of record on Tuesday, April 2nd will be paid a $0.3261 dividend. This is a positive change from Neste Oyj’s previous dividend of $0.27. The ex-dividend date is Monday, April 1st. Neste Oyj’s dividend payout ratio (DPR) is presently 45.88%.

Analyst Upgrades and Downgrades

Separately, TD Cowen dropped their price target on shares of Neste Oyj from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Thursday, March 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.