Basf Se (OTCMKTS:BASFY) Short Interest Up 388.7% in August

Basf Se (OTCMKTS:BASFY) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 50,729 shares, a growth of 388.7% from the July 30th total of 10,381 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 136,272 shares, the days-to-cover ratio is currently 0.4 days.

Basf Stock Performance

Shares of OTCMKTS BASFY opened at $15.05 on Thursday. The company has a 50 day simple moving average of $14.16 and a two-hundred day simple moving average of $14.57. The stock has a market cap of $53.73 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 1.11 and a beta of 0.73. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.56. Basf has a 12 month low of $11.93 and a 12 month high of $16.25.

Basf (OTCMKTS:BASFY) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. The firm had revenue of $19.99 billion during the quarter, compared to analysts’ expectations of $18.85 billion. Basf had a net margin of 9.40% and a return on equity of 5.78%. As a group, analysts predict that Basf will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

BASFY has been the subject of a number of analyst reports. Kepler Capital Markets upgraded Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a research report on Tuesday, May 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.