Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 89,736 shares, a growth 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 presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Basf in a research note on Thursday, September 3rd. Kepler Capital Markets upgraded 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Basf Trading Down 3.1%

Shares of OTCMKTS BASFY opened at $14.43 on Friday. Basf has a 1-year low of $11.93 and a 1-year high of $16.25. The business has a fifty day moving average price of $14.82 and a 200 day moving average price of $14.68. The stock has a market capitalization of $51.52 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 1.17 and a beta of 0.74. 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 announced its earnings results on Wednesday, July 29th. The basic materials company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. The business had revenue of $19.99 billion during the quarter, compared to the consensus estimate of $18.85 billion. Basf had a net margin of 9.40% and a return on equity of 5.66%. Equities research analysts expect that Basf will post 0.82 EPS for the current fiscal year.

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.