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

Bureau Veritas SA (OTCMKTS:BVRDF) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 343,100 shares, a decrease 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.

Bureau Veritas Price Performance

Bureau Veritas stock opened at $30.70 on Thursday. The company’s 50 day simple moving average is $31.06 and its 200-day simple moving average is $30.06. Bureau Veritas has a 1 year low of $24.90 and a 1 year high of $32.15.

Wall Street Analyst Weigh In

Several research firms have issued reports on BVRDF. 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 report on Wednesday, October 2nd.

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.