Neste Oyj (OTCMKTS:NTOIY) Sees Significant Growth in Short Interest

Neste Oyj (OTCMKTS:NTOIY) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 33,500 shares, a growth of 329.5% from the October 31st total of 7,800 shares. Based on an average daily volume of 273,600 shares, the days-to-cover ratio is currently 0.1 days.

Neste Oyj Price Performance

Shares of NTOIY traded up $0.11 during midday trading on Wednesday, reaching $7.46. The stock had a trading volume of 182,401 shares, compared to its average volume of 100,898. Neste Oyj has a 1-year low of $6.63 and a 1-year high of $19.22. The company’s fifty day simple moving average is $8.21 and its two-hundred day simple moving average is $9.39.

Neste Oyj Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 2nd were paid a dividend of $0.3348 per share. This is a positive change from Neste Oyj’s previous dividend of $0.33. The ex-dividend date of this dividend was Wednesday, October 2nd. Neste Oyj’s dividend payout ratio (DPR) is currently 45.88%.

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.