Basf Se (OTCMKTS:BASFY) Short Interest Down 37.7% in August

Basf Se (OTCMKTS:BASFY) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 31,616 shares, a decrease of 37.7% from the August 15th total of 50,729 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 348,280 shares, the days-to-cover ratio is presently 0.1 days.

Basf Stock Down 0.9%

Shares of BASFY stock opened at $15.02 on Wednesday. The company has a market capitalization of $53.62 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 1.11 and a beta of 0.74. Basf has a one year low of $11.93 and a one year high of $16.25. The company’s fifty day moving average price is $14.64 and its 200-day moving average price is $14.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.19.

Basf (OTCMKTS:BASFY) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.13. Basf had a net margin of 9.40% and a return on equity of 5.66%. The company had revenue of $19.99 billion during the quarter, compared to the consensus estimate of $18.85 billion. Sell-side analysts expect that Basf will post 0.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BASFY shares. Citigroup restated a “buy” rating on shares of Basf in a research note on Thursday, September 3rd. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. One investment 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Basf

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.