Short Interest in Befesa S.A. (OTCMKTS:BFSAF) Decreases By 98.8%

Befesa S.A. (OTCMKTS:BFSAF) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 30 shares, a drop of 98.8% from the June 15th total of 2,479 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Wall Street Analyst Weigh In

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

Befesa Price Performance

Shares of BFSAF remained flat at $40.70 during mid-day trading on Friday. The company has a 50-day moving average price of $39.21 and a 200 day moving average price of $35.80. Befesa has a 52 week low of $30.65 and a 52 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.