Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 35,831 shares, a growth of 184.2% from the May 14th total of 12,606 shares. Based on an average daily trading volume, of 206,529 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BASFY shares. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley reaffirmed an “overweight” rating on shares of Basf in a report on Tuesday, May 12th. Berenberg Bank raised Basf from a “sell” rating to a “hold” rating in a report on Tuesday, February 17th. DZ Bank raised Basf from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, Santander cut Basf to a “neutral” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Basf currently has an average rating of “Moderate Buy”.

Basf Price Performance

BASFY traded down $0.05 on Friday, reaching $14.21. The stock had a trading volume of 46,269 shares, compared to its average volume of 186,772. Basf has a fifty-two week low of $11.75 and a fifty-two week high of $16.25. The firm has a 50-day moving average of $15.24 and a 200-day moving average of $14.17. The company has a current ratio of 1.93, a quick ratio of 1.19 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $50.75 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.10 and a beta of 0.72.

Basf (OTCMKTS:BASFY) last issued its earnings results on Thursday, April 30th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Basf had a return on equity of 3.90% and a net margin of 2.91%.The business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.44 billion. As a group, sell-side analysts anticipate that Basf will post 0.85 EPS for the current year.

About Basf

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.