Alfen (OTCMKTS:ALFNF) Short Interest Down 45.6% in July

Alfen (OTCMKTS:ALFNF) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 15,800 shares, a drop of 45.6% from the July 15th total of 29,060 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ALFNF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Alfen in a research note on Thursday, June 11th. Jefferies Financial Group raised Alfen from an “underperform” rating to a “buy” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Alfen Stock Performance

Shares of OTCMKTS:ALFNF opened at $11.00 on Tuesday. The firm has a fifty day moving average price of $11.00 and a 200 day moving average price of $11.02. Alfen has a fifty-two week low of $10.30 and a fifty-two week high of $16.90.

Alfen Company Profile

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.