Neste Oyj (OTCMKTS:NTOIY – Get Rating) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 7,800 shares, an increase of 52.9% from the July 31st total of 5,100 shares. Based on an average daily volume of 31,200 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

NTOIY has been the subject of a number of analyst reports. Royal Bank of Canada boosted their target price on shares of Neste Oyj from €51.00 ($52.04) to €56.00 ($57.14) in a research note on Monday, August 1st. Berenberg Bank boosted their target price on shares of Neste Oyj from €50.00 ($51.02) to €57.00 ($58.16) and gave the stock a "buy" rating in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of Neste Oyj from €53.00 ($54.08) to €55.00 ($56.12) and gave the stock an "overweight" rating in a research note on Friday, July 15th. The Goldman Sachs Group downgraded shares of Neste Oyj from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 14th. Finally, Societe Generale boosted their target price on shares of Neste Oyj from €40.00 ($40.82) to €45.00 ($45.92) in a research note on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $55.60.

Neste Oyj Price Performance

NTOIY traded up $0.48 on Monday, reaching $25.79. The company had a trading volume of 15,366 shares, compared to its average volume of 53,589. Neste Oyj has a 1 year low of $16.76 and a 1 year high of $32.68. The stock has a 50-day moving average price of $23.76 and a 200-day moving average price of $22.37.

Neste Oyj Company Profile

Neste Oyj provides renewable and oil products 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, renewable jet fuels and solutions, and renewable solvents, as well as raw material for bioplastics based on its technology to wholesale markets.

Read More

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