Neste Oyj (OTCMKTS:NTOIF) Short Interest Update

Neste Oyj (OTCMKTS:NTOIF) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 3,986,500 shares, a decline of 14.9% from the September 30th total of 4,683,600 shares. Based on an average daily trading volume, of 8,900 shares, the short-interest ratio is presently 447.9 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded shares of Neste Oyj from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 29th.

Neste Oyj Trading Up 1.0 %

Shares of NTOIF traded up $0.16 during mid-day trading on Wednesday, reaching $16.17. The company’s stock had a trading volume of 100 shares, compared to its average volume of 2,209. The company’s fifty day moving average price is $19.82 and its two-hundred day moving average price is $20.78. Neste Oyj has a 52 week low of $16.00 and a 52 week high of $38.54.

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.