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

Bureau Veritas SA (OTCMKTS:BVRDF) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 364,100 shares, a decline of 6.5% from the November 15th total of 389,500 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 1,820.5 days.

Bureau Veritas Price Performance

OTCMKTS BVRDF opened at $29.85 on Tuesday. The firm has a 50-day moving average price of $31.46 and a 200 day moving average price of $29.97. Bureau Veritas has a 52-week low of $23.71 and a 52-week high of $32.15.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Bureau Veritas from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group raised Bureau Veritas to a “strong-buy” rating in a report on Tuesday, October 1st.

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.