Short Interest in Befesa S.A. (OTCMKTS:BFSAF) Increases By 1,866.7%

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 trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Befesa Price Performance

Befesa stock remained flat at $40.70 during midday trading on Friday. Befesa has a 52-week low of $30.65 and a 52-week high of $40.70. The stock’s 50 day moving average is $40.48 and its 200-day moving average is $36.51.

Wall Street Analyst Weigh In

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