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

Alfen (OTCMKTS:ALFNF) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 18,092 shares, an increase of 67.4% from the May 14th total of 10,805 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Analyst Ratings Changes

Several research firms have commented on ALFNF. Oddo Bhf lowered shares of Alfen from a “neutral” rating to an “underperform” rating in a research note on Tuesday, February 17th. Jefferies Financial Group upgraded shares of Alfen from an “underperform” rating to a “buy” rating in a research note on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Alfen in a research note on Thursday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Alfen Stock Performance

Alfen stock opened at $11.00 on Tuesday. Alfen has a 1-year low of $10.30 and a 1-year high of $16.90. The firm has a 50 day simple moving average of $11.00 and a 200 day simple moving average of $11.07.

About Alfen

Alfen N.V., through its subsidiaries, engages in the design, engineering, development, production, and service of smart grids, energy storage systems,and electric vehicle charging equipment. The company offers smart grid solutions, including secondary transformer substations for grid operators, devices for grid automation, and proprietary back-end systems for remote management and control of electricity grids, as well as micro-grids; and supplementary offerings to grid connect amongst others PV farms, electric vehicle (EV) fast-charging hubs, and industrial companies.