Alfen (OTCMKTS:ALFNF) Shares Shorted: Short Interest Down 54.3% in October

Alfen (OTCMKTS:ALFNF) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 18,495 shares, a decline of 54.3% from the September 30th total of 40,480 shares. Based on an average daily volume of 1 shares, the short-interest ratio is presently 18,495.0 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered Alfen from a “buy” rating to a “hold” rating in a report on Friday, August 21st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Alfen Stock Performance

Shares of Alfen stock opened at $11.00 on Friday. The stock has a 50 day moving average of $11.00 and a 200 day moving average of $11.02. Alfen has a fifty-two week low of $10.30 and a fifty-two week high of $16.90.

About Alfen

Alfen N.V. is a Netherlands-based energy technology company that develops products and integrated solutions for the transition to a more decentralized and sustainable energy system. The company serves utilities, businesses, municipalities and other organizations primarily across Europe.

Its activities are organized around smart grids, energy storage and electric vehicle charging. Alfen supplies distribution substations and other grid infrastructure, battery-based energy storage systems, and charging equipment and services for homes, businesses, public locations and vehicle fleets.