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

Bureau Veritas SA (OTCMKTS:BVRDF) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 131,900 shares, a decline of 61.6% from the December 31st total of 343,100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 1,319.0 days.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered Bureau Veritas from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 2nd.

Bureau Veritas Stock Performance

Shares of BVRDF stock remained flat at $31.90 during trading hours on Thursday. Bureau Veritas has a twelve month low of $26.83 and a twelve month high of $32.15. The company has a 50-day moving average of $30.76 and a 200 day moving average of $30.38.

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.