Befesa S.A. (OTCMKTS:BFSAF) Sees Large Growth in Short Interest

Befesa S.A. (OTCMKTS:BFSAF) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,008 shares, an increase of 240.3% from the July 15th total of 590 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ? days.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Befesa in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Befesa in a research note on Tuesday, August 4th. Finally, Citigroup reissued a “neutral” rating on shares of Befesa in a report on Thursday, July 16th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Befesa presently has a consensus rating of “Moderate Buy”.

Befesa Stock Performance

Shares of OTCMKTS:BFSAF opened at $40.70 on Thursday. The firm has a fifty day moving average price of $40.67 and a 200 day moving average price of $37.50. Befesa has a fifty-two week low of $30.65 and a fifty-two week high of $40.70.

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.