Neste Oyj (OTCMKTS:NTOIY – Get Rating) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 4,500 shares, a decline of 55.4% from the June 30th total of 10,100 shares. Based on an average trading volume of 73,600 shares, the days-to-cover ratio is presently 0.1 days.
Neste Oyj Price Performance
Shares of NTOIY stock traded up $1.78 on Friday, hitting $24.86. 12,450 shares of the company's stock were exchanged, compared to its average volume of 59,697. The company has a 50 day moving average of $22.75 and a 200 day moving average of $22.10. Neste Oyj has a 12 month low of $16.76 and a 12 month high of $32.68.
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Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Barclays reduced their price target on Neste Oyj from €75.00 ($76.53) to €65.00 ($66.33) in a research note on Wednesday, April 6th. JPMorgan Chase & Co. upped their target price on Neste Oyj from €53.00 ($54.08) to €55.00 ($56.12) and gave the company an "overweight" rating in a research report on Friday, July 15th. The Goldman Sachs Group downgraded Neste Oyj from a "buy" rating to a "neutral" rating in a research report on Tuesday, June 14th. Berenberg Bank upped their target price on Neste Oyj from €47.00 ($47.96) to €50.00 ($51.02) and gave the company a "buy" rating in a research report on Friday, June 17th. Finally, Royal Bank of Canada upped their target price on Neste Oyj from €49.00 ($50.00) to €50.00 ($51.02) in a research report on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $53.00.
Neste Oyj Company Profile
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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.
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