Neste Oyj (OTCMKTS:NTOIF) Sees Significant Increase in Short Interest

Neste Oyj (OTCMKTS:NTOIF – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,230,322 shares, an increase of 112.7% from the August 15th total of 578,399 shares. Based on an average daily trading volume, of 404 shares, the short-interest ratio is presently 3,045.4 days.

Neste Oyj Price Performance

Shares of OTCMKTS NTOIF opened at $38.30 on Monday. The firm’s 50-day moving average price is $35.63 and its two-hundred day moving average price is $32.58. Neste Oyj has a 52-week low of $17.50 and a 52-week high of $38.30.

Neste Oyj Company Profile

(Get Free Report)

Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.

The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils.

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