Alfen (OTCMKTS:ALFNF) Sees Significant Drop in Short Interest

Alfen (OTCMKTS:ALFNF) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 10,805 shares, a decline of 36.3% from the April 30th total of 16,955 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALFNF. Oddo Bhf lowered shares of Alfen from a “neutral” rating to an “underperform” rating in a report on Tuesday, February 17th. Jefferies Financial Group raised shares of Alfen from an “underperform” rating to a “buy” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Alfen Stock Performance

OTCMKTS:ALFNF opened at $11.00 on Wednesday. Alfen has a 12 month low of $10.30 and a 12 month high of $16.90. The firm has a fifty day simple moving average of $11.00 and a 200-day simple moving average of $11.08.

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.