Short Interest in Bureau Veritas SA (OTCMKTS:BVRDF) Decreases By 9.1%

Bureau Veritas SA (OTCMKTS:BVRDF) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 442,500 shares, a decrease of 9.1% from the October 15th total of 487,000 shares. Based on an average daily volume of 300 shares, the short-interest ratio is currently 1,475.0 days.

Bureau Veritas Price Performance

Shares of OTCMKTS:BVRDF remained flat at $32.15 on Friday. The company’s 50-day simple moving average is $31.00 and its 200 day simple moving average is $29.86. Bureau Veritas has a 1-year low of $23.07 and a 1-year high of $32.15.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BVRDF shares. JPMorgan Chase & Co. cut Bureau Veritas from an “overweight” rating to a “neutral” rating in a research note 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.

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.