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

Befesa S.A. (OTCMKTS:BFSAF) was the recipient of a large 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 short-interest ratio is presently ∞ days.

Befesa Price Performance

Shares of OTCMKTS:BFSAF opened at $40.70 on Thursday. Befesa has a 1-year low of $30.65 and a 1-year high of $40.70. The firm’s 50 day simple moving average is $40.67 and its two-hundred day simple moving average is $37.50.

Wall Street Analyst Weigh In

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

About Befesa

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.