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

Befesa S.A. (OTCMKTS:BFSAF) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,652 shares, a growth 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 presently ∞ days.

Analyst Upgrades and Downgrades

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

Befesa Stock Performance

Shares of BFSAF opened at $40.70 on Thursday. The stock has a 50-day simple moving average of $40.70 and a 200-day simple moving average of $38.56. Befesa has a 1 year low of $30.65 and a 1 year high of $40.70.

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.