Befesa S.A. (OTCMKTS:BFSAF) Short Interest Up ∞ in August

Befesa S.A. (OTCMKTS:BFSAF) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,652 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Befesa Stock Performance

OTCMKTS:BFSAF opened at $40.70 on Wednesday. Befesa has a 52 week low of $30.65 and a 52 week high of $40.70. The firm has a 50-day moving average price of $40.70 and a two-hundred day moving average price of $38.53.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Befesa in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Befesa in a research note on Tuesday, August 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of Befesa in a research note on Thursday, August 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Befesa in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.