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

Veolia Environnement SA (OTCMKTS:VEOEY) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 24,095 shares, an increase of 61.2% from the August 15th total of 14,949 shares. Based on an average trading volume of 319,016 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Citigroup raised Veolia Environnement to a “hold” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Veolia Environnement Price Performance

Shares of VEOEY stock opened at $18.17 on Thursday. Veolia Environnement has a 52-week low of $16.14 and a 52-week high of $21.62. The firm’s 50-day moving average is $19.85 and its 200-day moving average is $20.00. The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 1.54.

About Veolia Environnement

Veolia Environnement is a France-based environmental services company that provides water, waste management and energy services to municipalities, industrial customers and commercial organizations. Its activities include drinking-water production and distribution, wastewater treatment, environmental remediation, waste collection and recycling, and the recovery and treatment of hazardous and nonhazardous waste.

The company also develops and operates energy services, including district heating and cooling, energy efficiency programs, renewable and recovered-energy solutions, and services designed to help customers reduce emissions and conserve natural resources.