Short Interest in Veolia Environnement SA (OTCMKTS:VEOEY) Declines By 64.2%

Key Points

• Veolia Environnement SA saw a 64.2% decrease in short interest, with only 14,000 shares short sold as of August 31st, down from 39,100 shares.
• Zacks Research downgraded the stock from a "strong-buy" rating to a "hold" rating, with an average consensus rating of "Hold" from analysts.
• The company's stock opened at $17.10 and has a 52-week trading range between $13.44 and $18.49.

Veolia Environnement SA (OTCMKTS:VEOEY - Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 14,000 shares, a decline of 64.2% from the August 15th total of 39,100 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 250,700 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 250,700 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are sold short.

Veolia Environnement Trading Up 0.5%

Shares of VEOEY traded up $0.09 during trading hours on Monday, reaching $17.19. 150,032 shares of the company traded hands, compared to its average volume of 199,984. Veolia Environnement has a 12 month low of $13.44 and a 12 month high of $18.49. The company's fifty day moving average price is $17.35 and its two-hundred day moving average price is $17.30. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.29.

Analyst Upgrades and Downgrades

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

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.