Befesa S.A. (OTCMKTS:BFSAF – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 590 shares, a growth of 1,866.7% from the June 30th total of 30 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.
Befesa Stock Performance
Befesa stock remained flat at $40.70 during midday trading on Friday. Befesa has a 12 month low of $30.65 and a 12 month high of $40.70. The firm has a 50 day moving average of $40.48 and a 200-day moving average of $36.51.
Wall Street Analyst Weigh In
A number of research firms have recently commented on BFSAF. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Befesa in a report on Friday, July 3rd. Citigroup reiterated a “neutral” rating on shares of Befesa in a research note on Thursday, July 16th. Finally, Morgan Stanley restated an “overweight” rating on shares of Befesa in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
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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