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

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

Analyst Ratings Changes

BVRDF has been the subject of several analyst reports. The Goldman Sachs Group raised Bureau Veritas to a “strong-buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. lowered shares of Bureau Veritas from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 2nd.

Bureau Veritas Stock Performance

OTCMKTS BVRDF opened at $32.15 on Tuesday. The firm’s 50 day moving average price is $31.00 and its two-hundred day moving average price is $29.86. Bureau Veritas has a twelve month low of $23.07 and a twelve month high of $32.15.

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.