Short Interest in Veolia Environnement SA (OTCMKTS:VEOEY) Declines By 69.1%

Key Points

• Short interest plunged 69.1% to 17,720 shares as of March 13 (from 57,267 on Feb 26), equal to 0.0% of the stock and a 0.0 days-to-cover ratio based on average daily volume of 388,016, signaling minimal short-selling activity.
• Analyst sentiment remains muted with a MarketBeat consensus of "Reduce" (one Hold, one Sell) despite Zacks upgrading the stock to Hold; VEOEY opened at $18.36 and trades within a 52-week range of $15.31–$21.28, near its 50- and 200-day moving averages of $19.03 and $17.73.

Veolia Environnement SA (OTCMKTS:VEOEY - Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 17,720 shares, a decline of 69.1% from the February 26th total of 57,267 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 388,016 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 388,016 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Veolia Environnement Stock Down 0.1%

Shares of VEOEY stock opened at $18.36 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 1.64. The firm's 50-day moving average is $19.03 and its 200-day moving average is $17.73. Veolia Environnement has a 52-week low of $15.31 and a 52-week high of $21.28.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Veolia Environnement from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce".

About Veolia Environnement

Veolia Environnement OTCMKTS: VEOEY is a multinational environmental services company headquartered in France that provides a broad range of water, waste and energy management solutions to municipal and industrial customers. Its core activities include water supply and wastewater treatment, collection and recovery of solid and hazardous waste, and energy services such as district heating and industrial energy optimization. The company also develops circular economy and recycling programs, environmental engineering, and operational maintenance services aimed at improving resource efficiency and reducing environmental impact.

Veolia serves public-sector clients and private businesses across many regions worldwide, with operations spanning Europe, the Americas, Asia, Africa and the Middle East.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.