Befesa S.A. (OTCMKTS:BFSAF) Short Interest Update

Befesa S.A. (OTCMKTS:BFSAF) was the recipient of a significant increase in short interest during the month of 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 volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Befesa Price Performance

Shares of BFSAF stock opened at $40.70 on Friday. Befesa has a 52-week low of $30.65 and a 52-week high of $40.70. The company has a 50-day simple moving average of $40.49 and a two-hundred day simple moving average of $36.54.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Befesa in a research report on Friday, July 3rd. Citigroup reissued a “neutral” rating on shares of Befesa in a research report on Thursday, July 16th. Finally, Morgan Stanley restated an “overweight” rating on shares of Befesa in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.