Bureau Veritas SA (OTCMKTS:BVRDF) Sees Significant Drop in Short Interest

Bureau Veritas SA (OTCMKTS:BVRDF - Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 343,100 shares, a decline of 5.8% from the November 30th total of 364,100 shares. Based on an average trading volume of 8,400 shares, the short-interest ratio is currently 40.8 days.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. The Goldman Sachs Group raised Bureau Veritas to a "strong-buy" rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. downgraded Bureau Veritas from an "overweight" rating to a "neutral" rating in a research note on Wednesday, October 2nd.

Bureau Veritas Stock Performance

OTCMKTS:BVRDF remained flat at $30.70 during trading hours on Tuesday. Bureau Veritas has a 52 week low of $24.90 and a 52 week high of $32.15. The firm has a fifty day moving average price of $31.12 and a 200 day moving average price of $30.05.

About Bureau Veritas

Bureau Veritas SA provides laboratory testing, inspection, and certification services. It operates through six segments: Marine & Offshore; Agri-Food & Commodities; Buildings & Infrastructure; Industry; Certification; and Consumer Products. The company engages in inspecting, analyzing, auditing, and certifying the products, assets, and management systems of its clients in relation to regulatory or self-imposed standards, as well as issues compliance reports.

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