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

Veolia Environnement SA (OTCMKTS:VEOEY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 50,100 shares, an increase of 209.3% from the September 30th total of 16,200 shares. Based on an average trading volume of 127,700 shares, the days-to-cover ratio is presently 0.4 days.

Veolia Environnement Stock Performance

Shares of VEOEY stock traded down $0.21 during trading on Friday, hitting $15.92. 81,828 shares of the stock traded hands, compared to its average volume of 115,005. Veolia Environnement has a 52-week low of $13.27 and a 52-week high of $17.18. The firm’s fifty day moving average price is $16.39 and its 200-day moving average price is $15.95. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 1.34.

Wall Street Analyst Weigh In

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

About Veolia Environnement

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.