Short Interest in Alfen (OTCMKTS:ALFNF) Increases By 68.7%

Alfen (OTCMKTS:ALFNF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 29,060 shares, a growth of 68.7% from the June 30th total of 17,226 shares. Based on an average daily trading volume, of 1 shares, the days-to-cover ratio is currently 29,060.0 days.

Alfen Price Performance

ALFNF opened at $11.00 on Friday. Alfen has a 1-year low of $10.30 and a 1-year high of $16.90. The business has a 50 day moving average of $11.00 and a 200-day moving average of $11.03.

Analyst Ratings Changes

ALFNF has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Alfen in a research report on Thursday, June 11th. Jefferies Financial Group raised Alfen from an “underperform” rating to a “buy” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Alfen presently has a consensus rating of “Hold”.

Alfen Company Profile

Alfen N.V., through its subsidiaries, engages in the design, engineering, development, production, and service of smart grids, energy storage systems,and electric vehicle charging equipment. The company offers smart grid solutions, including secondary transformer substations for grid operators, devices for grid automation, and proprietary back-end systems for remote management and control of electricity grids, as well as micro-grids; and supplementary offerings to grid connect amongst others PV farms, electric vehicle (EV) fast-charging hubs, and industrial companies.