Befesa S.A. (OTCMKTS:BFSAF – Get Free Report) was the target of a significant drop in short interest during the month of 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 volume of 0 shares, the short-interest ratio is currently ∞ days.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on BFSAF shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Befesa in a research note on Friday, July 3rd. Citigroup reiterated a “neutral” rating on shares of Befesa in a research note on Friday, April 24th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Befesa in a report on Thursday, April 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Befesa has an average rating of “Moderate Buy”.
View Our Latest Research Report on Befesa
Befesa Price Performance
About Befesa
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.
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