Alfen (OTCMKTS:ALFNF) Short Interest Up 68.7% in July

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

Alfen Stock Performance

Shares of Alfen stock 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 price of $11.00 and a 200 day moving average price of $11.03.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Alfen in a report on Thursday, June 11th. Jefferies Financial Group upgraded Alfen from an “underperform” rating to a “buy” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average 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.