Short Interest in Befesa S.A. (OTCMKTS:BFSAF) Grows By 1,866.7%

Befesa S.A. (OTCMKTS:BFSAF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 590 shares, an increase of 1,866.7% from the June 30th total of 30 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ? days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Befesa in a research report on Friday, July 3rd. Morgan Stanley reissued an “overweight” rating on shares of Befesa in a research report on Thursday, April 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Befesa in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Befesa Price Performance

Shares of Befesa stock opened at $40.70 on Friday. Befesa has a 1 year low of $30.65 and a 1 year high of $40.70. The company’s fifty day moving average is $40.49 and its two-hundred day moving average is $36.54.

Befesa Company Profile

Befesa SA offers environmental recycling services to the steel and aluminum industries in European, Asian, and North American markets. It operates through two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services segment collects and recycles crude steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; sells waelz oxide to zinc smelters; and treats crude steel dust. The Aluminium Salt Slags Recycling Services segment recycles salt slags; spent pot linings, a hazardous residue generated by primary aluminium producers; and recovers and sells salt, aluminium concentrate, and aluminium oxides.