Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) was the recipient of a large growth in short interest during the month of 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. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BASFY shares. Zacks Research upgraded Basf from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Kepler Capital Markets upgraded Basf from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley reiterated an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. Citigroup reiterated a “buy” rating on shares of Basf in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Basf Trading Down 0.3%

Shares of Basf stock traded down $0.05 on Friday, hitting $14.21. 46,269 shares of the company’s stock traded hands, compared to its average volume of 186,772. Basf has a one year low of $11.75 and a one year high of $16.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.93 and a quick ratio of 1.19. The company has a fifty day moving average of $15.24 and a two-hundred day moving average of $14.17. 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 announced its earnings results on Thursday, April 30th. The basic materials company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.31 by $0.08. Basf had a return on equity of 3.90% and a net margin of 2.91%.The company had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.44 billion. As a group, sell-side analysts expect that Basf will post 0.85 earnings per share 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.