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

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

Bureau Veritas Price Performance

BVRDF opened at $29.85 on Tuesday. The stock’s 50-day moving average price is $31.46 and its 200 day moving average price is $29.97. Bureau Veritas has a 12-month low of $23.71 and a 12-month high of $32.15.

Analysts Set New Price Targets

Several research analysts have 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 report on Wednesday, October 2nd. The Goldman Sachs Group upgraded shares of 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.