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

Befesa S.A. (OTCMKTS:BFSAF) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 30 shares, a decrease of 98.8% from the June 15th total of 2,479 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Analyst Ratings Changes

BFSAF has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of Befesa in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Befesa in a report on Friday, July 3rd. Finally, Citigroup reiterated a “neutral” rating on shares of Befesa in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Befesa Stock Performance

Befesa stock remained flat at $40.70 during midday trading on Friday. Befesa has a 1 year low of $30.65 and a 1 year high of $40.70. The stock’s fifty day simple moving average is $39.34 and its two-hundred day simple moving average is $35.84.

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.