Neste Oyj (OTCMKTS:NTOIY) Short Interest Up 140.5% in February

Neste Oyj (OTCMKTS:NTOIY) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 40,400 shares, an increase of 140.5% from the January 31st total of 16,800 shares. Based on an average trading volume of 229,200 shares, the days-to-cover ratio is presently 0.2 days.

Neste Oyj Price Performance

OTCMKTS:NTOIY traded down $0.09 during mid-day trading on Friday, reaching $4.40. The stock had a trading volume of 140,886 shares, compared to its average volume of 135,305. Neste Oyj has a twelve month low of $4.37 and a twelve month high of $15.00. The business has a 50 day simple moving average of $5.97 and a 200 day simple moving average of $7.67.

Neste Oyj Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, March 27th will be given a $0.1049 dividend. The ex-dividend date is Thursday, March 27th. Neste Oyj’s payout ratio is 45.88%.

Neste Oyj Company Profile

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.