Befesa S.A. (OTCMKTS:BFSAF – Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 678 shares, a decline of 58.2% from the September 15th total of 1,621 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on BFSAF shares. Morgan Stanley restated an “overweight” rating on shares of Befesa in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Befesa in a report on Tuesday, August 4th. Jefferies Financial Group reiterated a “buy” rating on shares of Befesa in a research report on Thursday, August 6th. Finally, Citigroup reissued a “neutral” rating on shares of Befesa in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on BFSAF
Befesa Price Performance
Befesa Company Profile
Befesa SA is an environmental services company that specializes in recycling hazardous and waste materials generated by the steel and aluminum industries. Its operations help industrial customers recover valuable raw materials while reducing the amount of waste sent to landfills.
The company’s steel dust recycling business processes electric arc furnace dust, a byproduct of steel production, to recover zinc and produce materials such as Waelz oxide and other zinc-bearing products. Befesa also recycles aluminum salt slags and other residues, producing secondary aluminum products and industrial materials for reuse.
Founded in 1987, Befesa serves customers through a network of facilities across Europe, Asia and North America.
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