Neste Oyj (OTCMKTS:NTOIY) Short Interest Up 43.6% in November

Neste Oyj (OTCMKTS:NTOIY) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 48,100 shares, an increase of 43.6% from the November 15th total of 33,500 shares. Based on an average daily volume of 288,000 shares, the days-to-cover ratio is currently 0.2 days.

Neste Oyj Stock Performance

Shares of OTCMKTS:NTOIY traded down $0.10 during midday trading on Friday, hitting $6.61. 84,100 shares of the company’s stock traded hands, compared to its average volume of 103,183. The firm’s fifty day moving average price is $7.68 and its two-hundred day moving average price is $9.08. Neste Oyj has a twelve month low of $6.57 and a twelve month high of $19.20.

Neste Oyj Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 2nd were given a dividend of $0.3348 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This is a positive change from Neste Oyj’s previous dividend of $0.33. Neste Oyj’s payout ratio is 45.88%.

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.