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

Veolia Environnement SA (OTCMKTS:VEOEY) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 73,600 shares, a growth of 179.8% from the February 28th total of 26,300 shares. Based on an average daily trading volume, of 195,800 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Veolia Environnement to a “strong-buy” rating in a research note on Tuesday, March 18th.

Veolia Environnement Stock Up 1.6 %

OTCMKTS VEOEY traded up $0.26 during trading on Friday, hitting $17.28. The stock had a trading volume of 46,908 shares, compared to its average volume of 203,367. Veolia Environnement has a one year low of $13.44 and a one year high of $17.41. The stock has a 50 day simple moving average of $15.24 and a 200 day simple moving average of $15.26. 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.