Neste Oyj (OTCMKTS:NTOIY – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 29,200 shares, a decrease of 20.4% from the May 31st total of 36,700 shares. Based on an average daily trading volume, of 178,900 shares, the short-interest ratio is presently 0.2 days.
Neste Oyj Stock Performance
Neste Oyj stock opened at $8.85 on Friday. Neste Oyj has a 12-month low of $8.79 and a 12-month high of $21.00. The company has a 50-day moving average price of $10.71 and a 200 day moving average price of $13.93.
Analysts Set New Price Targets
Separately, TD Cowen lowered their price target on shares of Neste Oyj from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Thursday, March 14th.
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.
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