Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 89,736 shares, an increase of 183.8% from the August 31st total of 31,616 shares. Based on an average daily trading volume, of 165,692 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Basf Stock Down 3.1%

Shares of BASFY opened at $14.43 on Friday. The company has a market capitalization of $51.52 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 1.20 and a beta of 0.74. Basf has a 52 week low of $11.93 and a 52 week high of $16.25. The stock’s 50-day moving average price is $14.82 and its 200-day moving average price is $14.68. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.50.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.13. Basf had a return on equity of 5.66% and a net margin of 9.40%.The company had revenue of $19.99 billion during the quarter, compared to analysts’ expectations of $18.85 billion. On average, sell-side analysts predict that Basf will post 0.82 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup restated a “buy” rating on shares of Basf in a research note on Thursday, September 3rd. Kepler Capital Markets raised shares of Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Basf has an average rating of “Moderate Buy”.

Basf Company Profile

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen. Founded in 1865, the company develops and manufactures a broad range of chemicals and materials used by industrial, commercial and consumer customers worldwide. Its portfolio supports industries including automotive, construction, agriculture, electronics, energy, food and personal care.

BASF’s products include basic and specialty chemicals, plastics and performance materials, coatings, catalysts, battery materials, ingredients for nutrition and personal care, and crop protection products and seeds.