Basf Se (OTCMKTS:BASFY) Sees Significant Growth in Short Interest

Basf Se (OTCMKTS:BASFY) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 96,531 shares, a growth of 441.0% from the September 30th total of 17,842 shares. Based on an average daily trading volume, of 273,113 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Basf Trading Down 0.7%

OTCMKTS:BASFY opened at $14.53 on Wednesday. The company has a fifty day moving average of $14.85 and a 200-day moving average of $14.52. Basf has a twelve month low of $11.93 and a twelve month high of $16.25.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. The firm had revenue of $19.99 billion during the quarter, compared to analyst estimates of $18.85 billion. On average, sell-side analysts predict that Basf will post 0.82 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on BASFY shares. Citigroup reiterated a “buy” rating on shares of Basf in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Basf presently has an average rating of “Hold”.

Basf Company Profile

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen, Germany. Founded in 1865, the company develops, manufactures and markets a broad range of chemicals, materials and solutions for industrial, agricultural and consumer applications. Its products are used in areas including transportation, construction, electronics, packaging, food and personal care.

BASF’s business includes chemicals and intermediates, performance materials, coatings, catalysts, battery materials, agricultural products, nutrition and care ingredients, and industrial solutions.