Alfen (OTCMKTS:ALFNF) Short Interest Down 37.1% in June

Alfen (OTCMKTS:ALFNF) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 11,380 shares, a decline of 37.1% from the May 31st total of 18,092 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ? days.

Alfen Stock Performance

OTCMKTS ALFNF opened at $11.00 on Thursday. The company has a 50-day simple moving average of $11.00 and a two-hundred day simple moving average of $11.06. Alfen has a 12-month low of $10.30 and a 12-month high of $16.90.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ALFNF shares. Jefferies Financial Group upgraded Alfen from an “underperform” rating to a “buy” rating in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Alfen in a report on Thursday, June 11th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued 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.