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

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

Analysts Set New Price Targets

A number of brokerages have weighed in on ALFNF. Jefferies Financial Group upgraded Alfen from an “underperform” rating to a “buy” rating in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Alfen in a research report on Thursday, June 11th. One equities research 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, the stock presently has an average rating of “Hold”.

Alfen Price Performance

Shares of OTCMKTS:ALFNF opened at $11.00 on Thursday. The company’s fifty day moving average price is $11.00 and its 200-day moving average price is $11.06. Alfen has a one year low of $10.30 and a one year high of $16.90.

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.