Veolia Environnement SA (OTCMKTS:VEOEY) Short Interest Down 34.4% in March

Veolia Environnement SA (OTCMKTS:VEOEY) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 48,300 shares, a drop of 34.4% from the March 15th total of 73,600 shares. Based on an average daily volume of 200,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

VEOEY has been the subject of several recent analyst reports. Citigroup cut shares of Veolia Environnement from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 8th. Sanford C. Bernstein raised shares of Veolia Environnement to a “strong-buy” rating in a research note on Tuesday, March 18th.

Veolia Environnement Trading Up 1.1 %

Shares of OTCMKTS:VEOEY opened at $17.64 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.89 and a quick ratio of 0.84. The stock has a 50 day moving average price of $16.15 and a 200-day moving average price of $15.30. Veolia Environnement has a 52-week low of $13.44 and a 52-week high of $18.15.

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.