Veolia Environnement SA (OTCMKTS:VEOEY) Sees Significant Decline in Short Interest

Veolia Environnement SA (OTCMKTS:VEOEY) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 35,000 shares, a drop of 30.1% from the October 15th total of 50,100 shares. Based on an average trading volume of 140,400 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of Veolia Environnement to a “strong-buy” rating in a research note on Thursday, July 18th.

Veolia Environnement Trading Down 0.7 %

Shares of OTCMKTS VEOEY opened at $14.92 on Thursday. The firm’s 50-day moving average is $16.25 and its 200-day moving average is $16.00. Veolia Environnement has a 1 year low of $14.62 and a 1 year high of $17.18. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 1.34.

Veolia Environnement Company Profile

Veolia Environnement SA designs and provides water, waste, and energy management solutions worldwide. It operates through France and Special Waste Europe; Europe excluding France; Rest of the World; Water Technologies; and Other segments. The company is involved in resource management; customer relationship management; drinking water treatment and distribution; wastewater treatment; design and construction of treatment and network infrastructure; and sale of water treatment equipment, technologies, and facilities.