Basf Se (OTCMKTS:BASFY) Short Interest Down 62.9% in May

Basf Se (OTCMKTS:BASFY) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 12,606 shares, a drop of 62.9% from the April 30th total of 34,012 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 845,212 shares, the short-interest ratio is presently 0.0 days.

Basf Stock Performance

Shares of BASFY opened at $14.77 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.93 and a quick ratio of 1.19. Basf has a one year low of $11.75 and a one year high of $16.25. The firm has a market capitalization of $52.73 billion, a P/E ratio of 25.47, a PEG ratio of 1.17 and a beta of 0.75. The business has a fifty day moving average of $15.22 and a 200 day moving average of $14.03.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.39 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $18.44 billion. As a group, sell-side analysts anticipate that Basf will post 0.85 EPS for the current year.

Wall Street Analyst Weigh In

BASFY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a report on Tuesday, May 5th. DZ Bank raised Basf from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Zacks Research raised Basf from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. Barclays lowered Basf from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Finally, Kepler Capital Markets reissued a “hold” rating on shares of Basf in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Basf has a consensus rating of “Hold”.

Basf Company Profile

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.