Short Interest in Neste Oyj (OTCMKTS:NTOIF) Grows By 31.5%

Neste Oyj (OTCMKTS:NTOIFGet Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,748,100 shares, an increase of 31.5% from the April 30th total of 1,328,900 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is currently 672.3 days.

Shares of Neste Oyj stock remained flat at $$44.44 during midday trading on Tuesday. 50 shares of the stock traded hands, compared to its average volume of 1,827. The company’s fifty day moving average price is $44.25 and its 200 day moving average price is $45.40. Neste Oyj has a twelve month low of $34.90 and a twelve month high of $68.31.

About Neste Oyj (Get Rating)

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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