Befesa S.A. (OTCMKTS:BFSAF – Get Free Report) was the target of a significant decline in short interest in the month of 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 volume of 0 shares, the short-interest ratio is currently ∞ days.
Befesa Stock Performance
Shares of BFSAF opened at $40.70 on Thursday. The company’s fifty day moving average is $40.70 and its two-hundred day moving average is $39.18. Befesa has a fifty-two week low of $30.65 and a fifty-two week high of $40.70.
Analysts Set New Price Targets
Several equities analysts recently weighed in on BFSAF shares. Jefferies Financial Group reiterated a “buy” rating on shares of Befesa in a research report on Thursday, August 6th. Morgan Stanley restated an “overweight” rating on shares of Befesa in a report on Thursday, August 13th. Citigroup restated a “neutral” rating on shares of Befesa in a report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Befesa in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.
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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