Befesa S.A. (OTCMKTS:BFSAF) Stock Short Interest Report for October

Befesa S.A. (OTCMKTS:BFSAF) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 208 shares, a decrease of 57.5% from the October 15th total of 489 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Befesa Price Performance

Shares of OTCMKTS BFSAF remained flat at $40.70 during mid-day trading on Friday. The stock’s 50 day simple moving average is $40.70 and its 200 day simple moving average is $38.64. Befesa has a fifty-two week low of $30.65 and a fifty-two week high of $40.70.

Analyst Upgrades and Downgrades

BFSAF has been the topic of several research analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Befesa in a research report on Thursday, August 13th. Deutsche Bank restated a “hold” rating on shares of Befesa in a report on Tuesday, August 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Befesa in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Befesa Company Profile

Befesa is an environmental services company specializing in the recycling of industrial residues. Its primary activities focus on recovering valuable materials from steelmaking and aluminium production while helping customers manage waste that requires specialized treatment. For the steel industry, Befesa processes electric arc furnace dust and other steel residues, producing materials such as zinc-rich Waelz oxide for reuse. For the aluminium industry, it recycles salt slags and other by-products to recover aluminium-bearing materials and industrial salts.