Alfen (OTCMKTS:ALFNF) Sees Significant Decrease in Short Interest

Alfen (OTCMKTS:ALFNF) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 18,495 shares, a decline of 54.3% from the September 30th total of 40,480 shares. Based on an average trading volume of 1 shares, the days-to-cover ratio is currently 18,495.0 days.

Alfen Stock Performance

OTCMKTS:ALFNF opened at $11.00 on Friday. The company has a fifty day moving average of $11.00 and a 200-day moving average of $11.02. Alfen has a twelve month low of $10.30 and a twelve month high of $16.90.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut shares of Alfen from a “buy” rating to a “hold” rating in a research report on Friday, August 21st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

About Alfen

Alfen N.V. is a Netherlands-based energy technology company that develops products and integrated solutions for the transition to a more decentralized and sustainable energy system. The company serves utilities, businesses, municipalities and other organizations primarily across Europe.

Its activities are organized around smart grids, energy storage and electric vehicle charging. Alfen supplies distribution substations and other grid infrastructure, battery-based energy storage systems, and charging equipment and services for homes, businesses, public locations and vehicle fleets.