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

Alfen (OTCMKTS:ALFNF) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 22,123 shares, a growth of 140.1% from the August 31st total of 9,214 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Alfen Price Performance

ALFNF stock remained flat at $11.00 during trading on Monday. Alfen has a 1 year low of $10.30 and a 1 year high of $16.90. The stock’s 50 day simple moving average is $11.00 and its 200-day simple moving average is $11.00.

Analysts Set New Price Targets

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Alfen in a research report on Thursday, June 11th. Jefferies Financial Group lowered Alfen from a “buy” rating to a “hold” rating in a report on Friday, August 21st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Alfen presently has an average rating of “Reduce”.

Alfen Company Profile

Alfen N.V. is a Netherlands-based company that develops and supplies products and services for the transition to a more sustainable energy system. Its activities focus on electricity grids, energy storage and electric vehicle charging infrastructure.

The company provides solutions including transformer and compact substations, grid automation and monitoring systems, energy management software, battery storage systems and charging equipment for electric vehicles. These products are used by utilities, businesses, municipalities and other organizations to support the distribution, management and use of electricity.

Founded in 1937 and headquartered in Almere, the Netherlands, Alfen serves customers primarily in European markets.