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

Neste Oyj (OTCMKTS:NTOIY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 34,800 shares, a decrease of 22.1% from the June 30th total of 44,700 shares. Based on an average trading volume of 216,800 shares, the short-interest ratio is currently 0.2 days.

Neste Oyj Stock Performance

OTCMKTS:NTOIY traded up $0.44 during midday trading on Friday, hitting $10.30. 40,182 shares of the company traded hands, compared to its average volume of 89,287. The firm’s fifty day moving average is $9.68 and its 200-day moving average is $12.74. Neste Oyj has a 12-month low of $8.79 and a 12-month high of $19.33.

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.