One of Europe’s Most Shorted Oil Stocks Faces a Day of Reckoning
- Neste will report results, host capital markets day this week
- Stock extends decline into 2025 after worst year on record
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No other oil stock in Europe’s benchmark equity index has attracted as much attention from short sellers as Neste Oyj. It’s a sign of how high the stakes are when the company faces investors this week.
The Finnish oil refiner and renewable diesel maker was the worst performer in Europe’s Stoxx 600 Index last year, falling by a record 62%, as it struggled with plant outages and a tepid demand outlook. Those declines have extended into 2025, adding to the pressure on Heikki Malinen, who became chief executive officer in October.