Neste Oyj (OTCMKTS:NTOIF) Sees Large Decline in Short Interest

Neste Oyj (OTCMKTS:NTOIF) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 1,580,600 shares, a decline of 34.7% from the February 13th total of 2,422,100 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is presently 1,129.0 days.

Neste Oyj Stock Performance

Shares of OTCMKTS NTOIF remained flat at $9.95 during trading hours on Friday. The company had a trading volume of 7,170 shares, compared to its average volume of 1,042. The company’s 50 day moving average price is $11.73 and its 200-day moving average price is $14.79. Neste Oyj has a 1-year low of $8.98 and a 1-year high of $29.00.

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.