Short Interest in Alfen (OTCMKTS:ALFNF) Drops By 45.6%

Alfen (OTCMKTS:ALFNF) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 15,800 shares, a decrease of 45.6% from the July 15th total of 29,060 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Alfen Stock Performance

OTCMKTS ALFNF opened at $11.00 on Wednesday. Alfen has a 52-week low of $10.30 and a 52-week high of $16.90. The company has a 50-day simple moving average of $11.00 and a 200 day simple moving average of $11.02.

Wall Street Analysts Forecast Growth

ALFNF has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Alfen in a research report on Thursday, June 11th. Jefferies Financial Group raised 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Alfen

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.