Veolia Environnement SA (OTCMKTS:VEOEY) Short Interest Update

Veolia Environnement SA (OTCMKTS:VEOEY) experienced a notable decline in short interest during January. As of January 31, the total short interest stood at 9,000 shares, reflecting a substantial decrease of 89.2% from the January 15 total of 83,500 shares. This significant drop indicates a shift in investor sentiment regarding the company.

Based on an average daily trading volume of 617,900 shares, the current short-interest ratio is effectively at 0.0 days, suggesting that the remaining short interest is negligible compared to trading activities.

Veolia Environnement Price Performance

On a recent trading day, shares of OTCMKTS:VEOEY fell by $0.11, bringing the price down to $14.04. During the session, 740,110 shares changed hands, which surpasses the company's average volume of 295,872. Over the past few months, Veolia has shown some fluctuations, with its 50-day moving average setting at $14.17 and a 200-day moving average at $15.26. The stock holds a 52-week low of $13.44 and a high of $17.18. In terms of financial health, Veolia Environnement possesses a current ratio of 0.89, a quick ratio of 0.84, and a debt-to-equity ratio of 1.34.

Overview of Veolia Environnement

Veolia Environnement SA specializes in designing and delivering solutions for water, waste, and energy management on a global scale. The company operates through various segments, including France and Special Waste Europe, Europe excluding France, Rest of the World, Water Technologies and other segments. Veolia focuses on resource management, customer relationship management, drinking water treatment and distribution, wastewater treatment, and the design and construction of infrastructure relevant to these services.

Conclusion

This update on Veolia Environnement’s short interest reflects a considerable change in market sentiment, indicating that traders may have moved away from betting against the stock. Investors should continue to monitor these developments, along with the company's operational performance and market conditions.

Veolia, Stocks, Interest