Bureau Veritas SA (OTCMKTS:BVRDF) Short Interest Up 23.2% in May

Bureau Veritas SA (OTCMKTS:BVRDF - Get Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 184,100 shares, a growth of 23.2% from the April 30th total of 149,400 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 920.5 days. Approximately 0.0% of the shares of the company are short sold.

Bureau Veritas Stock Performance

OTCMKTS BVRDF traded up $1.74 during midday trading on Friday, hitting $34.15. The company had a trading volume of 183 shares, compared to its average volume of 298. The firm has a fifty day simple moving average of $30.69 and a two-hundred day simple moving average of $30.84. Bureau Veritas has a fifty-two week low of $28.95 and a fifty-two week high of $34.15.

Bureau Veritas announced that its board has initiated a stock repurchase program on Thursday, April 24th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.