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

Bureau Veritas SA (OTCMKTS:BVRDF) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 389,500 shares, a decline of 12.0% from the October 31st total of 442,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 3,895.0 days.

Bureau Veritas Price Performance

Bureau Veritas stock remained flat at $29.85 during midday trading on Friday. The stock’s 50 day moving average is $31.46 and its 200-day moving average is $29.94. Bureau Veritas has a 52-week low of $23.07 and a 52-week high of $32.15.

Analyst Ratings Changes

Several equities research analysts have issued reports on BVRDF shares. The Goldman Sachs Group upgraded Bureau Veritas to a “strong-buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. lowered Bureau Veritas from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 2nd.

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.