Short Interest in Bureau Veritas SA (OTCMKTS:BVRDF) Drops By 12.0%

Bureau Veritas SA (OTCMKTS:BVRDF) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 389,500 shares, a drop of 12.0% from the October 31st total of 442,500 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 3,895.0 days.

Wall Street Analyst Weigh In

A number of research firms have commented on BVRDF. JPMorgan Chase & Co. downgraded shares of Bureau Veritas from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group raised shares of Bureau Veritas to a “strong-buy” rating in a report on Tuesday, October 1st.

Bureau Veritas Stock Performance

Shares of Bureau Veritas stock remained flat at $29.85 during trading on Tuesday. Bureau Veritas has a 52-week low of $23.71 and a 52-week high of $32.15. The company’s 50-day moving average is $31.47 and its 200-day moving average is $29.94.

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.