Short Interest in Veolia Environnement SA (OTCMKTS:VEOEY) Drops By 50.7%

Key Points

• Short interest in Veolia Environnement SA saw a significant drop of 50.7% in September, falling from 14,000 shares to 6,900 shares.
• Analysts have adjusted their ratings, with Zacks Research downgrading the stock from a "strong-buy" to a "hold," resulting in a current consensus rating of "hold" from various analysts.
• Veolia Environnement's stock is currently priced at $17.14, with a 1-year low of $13.44 and a high of $18.49.

Veolia Environnement SA (OTCMKTS:VEOEY - Get Free Report) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,900 shares, a decrease of 50.7% from the August 31st total of 14,000 shares. Based on an average trading volume of 504,300 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 504,300 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Veolia Environnement from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Veolia Environnement Price Performance

VEOEY stock opened at $17.14 on Friday. The company's 50-day moving average is $17.13 and its 200-day moving average is $17.34. Veolia Environnement has a 1 year low of $13.44 and a 1 year high of $18.49.

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.

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