Markets

Veolia Environnement Sees Significant Drop in Short Interest During February

Published March 14, 2024

Veolia Environnement SA (OTCMKTS:VEOEY) experienced a substantial decrease in short interest during the month of February. The latest data as of February 29th indicates that the short interest stood at only 7,300 shares. This represents a sharp drop of 78.1% from the previously reported figure of 33,400 shares on February 14th. Furthermore, considering the average daily volume of 328,500 shares traded, the current short-interest ratio calculates to 0.0 days.

Veolia Environnement Stock Performance

The stock of Veolia Environnement opened at $15.79 on Thursday, fluctuating within the 52-week range between a low of $13.15 and a peak of $16.67. The firm maintains a debt-to-equity ratio of 1.46, signifying its financial leverage. The liquidity positions, as indicated by the current and quick ratios, stand at 0.94 and 0.88, respectively. When assessing trend consistency, the stock's fifty-day moving average is currently at $15.93, while the 200-day moving average hovers around $15.28.

Veolia Environnement Company Profile

Veolia Environnement SA is recognized for its expert solutions in water, waste, and energy management services on a global scale. Its operational branches are segmented into areas including France and Special Waste Europe; Europe excluding France; Rest of the World; Water Technologies; among others. The company is committed to efficient resource management and establishing a sustainable customer relationship. It has a hand in vital services such as the treatment and distribution of drinking water, wastewater treatment, development, and maintenance of treatment infrastructure, as well as sales in water treatment equipment and technology.

Veolia, ShortInterest, StockPerformance