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

Neste Oyj (OTCMKTS:NTOIF) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 2,277,300 shares, a decline of 12.8% from the December 31st total of 2,611,200 shares. Based on an average daily volume of 3,100 shares, the short-interest ratio is currently 734.6 days.

Neste Oyj Price Performance

Neste Oyj stock remained flat at $13.27 during midday trading on Monday. The company had a trading volume of 5 shares, compared to its average volume of 557. The stock’s fifty day simple moving average is $13.23 and its two-hundred day simple moving average is $16.79. Neste Oyj has a 12-month low of $11.00 and a 12-month high of $34.50.

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.