Bureau Veritas SA (OTCMKTS:BVRDF) Sees Large Decrease in Short Interest

Bureau Veritas SA (OTCMKTS:BVRDF) was the target of a significant 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 daily trading volume, of 8,400 shares, the short-interest ratio is currently 40.8 days.

Bureau Veritas Stock Performance

Bureau Veritas stock opened at $30.70 on Wednesday. The firm’s fifty day moving average is $31.09 and its 200 day moving average is $30.05. Bureau Veritas has a 12-month low of $24.90 and a 12-month high of $32.15.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Bureau Veritas from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upgraded Bureau Veritas to a “strong-buy” rating in a report on Tuesday, October 1st.

Bureau Veritas Company Profile

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.