Short Interest in Alfen (OTCMKTS:ALFNF) Expands By 67.4%

Alfen (OTCMKTS:ALFNF) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 18,092 shares, an increase of 67.4% from the May 14th total of 10,805 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Analyst Ratings Changes

ALFNF has been the subject of several research analyst reports. Oddo Bhf cut Alfen from a “neutral” rating to an “underperform” rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Alfen in a report on Thursday. Finally, Jefferies Financial Group upgraded Alfen from an “underperform” rating to a “buy” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Alfen currently has a consensus rating of “Hold”.

Alfen Price Performance

Shares of OTCMKTS:ALFNF opened at $11.00 on Monday. Alfen has a 52-week low of $10.30 and a 52-week high of $16.90. The stock has a 50 day moving average price of $11.00 and a 200-day moving average price of $11.07.

Alfen Company Profile

Alfen N.V., through its subsidiaries, engages in the design, engineering, development, production, and service of smart grids, energy storage systems,and electric vehicle charging equipment. The company offers smart grid solutions, including secondary transformer substations for grid operators, devices for grid automation, and proprietary back-end systems for remote management and control of electricity grids, as well as micro-grids; and supplementary offerings to grid connect amongst others PV farms, electric vehicle (EV) fast-charging hubs, and industrial companies.