Short Interest in Neste Oyj (OTCMKTS:NTOIY) Drops By 28.3%

Neste Oyj (OTCMKTS:NTOIY) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 4,300 shares, a decrease of 28.3% from the February 28th total of 6,000 shares. Based on an average trading volume of 230,900 shares, the short-interest ratio is presently 0.0 days.

Neste Oyj Stock Down 1.1 %

Shares of Neste Oyj stock traded down $0.05 on Tuesday, reaching $4.50. The company’s stock had a trading volume of 329,740 shares, compared to its average volume of 130,740. The stock has a 50-day moving average price of $5.36 and a 200-day moving average price of $6.78. Neste Oyj has a 52-week low of $4.37 and a 52-week high of $15.00.

Neste Oyj Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 27th will be issued a $0.1049 dividend. The ex-dividend date of this dividend is Thursday, March 27th. Neste Oyj’s payout ratio 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.