Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,885 shares, a drop of 61.2% from the May 31st total of 35,831 shares. Based on an average trading volume of 318,669 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

BASFY has been the subject of a number of analyst reports. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. Citigroup restated a “buy” rating on shares of Basf in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a research report on Tuesday, May 5th. Morgan Stanley reissued an “overweight” rating on shares of Basf in a report on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Basf Stock Down 1.0%

Shares of OTCMKTS:BASFY opened at $13.41 on Tuesday. The company has a market capitalization of $47.87 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.10 and a beta of 0.72. Basf has a 12-month low of $11.93 and a 12-month high of $16.25. The business has a 50-day moving average price of $14.89 and a 200 day moving average price of $14.26. The company has a current ratio of 1.93, a quick ratio of 1.19 and a debt-to-equity ratio of 0.54.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. The company had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.44 billion. Basf had a return on equity of 3.90% and a net margin of 2.91%. Sell-side analysts expect that Basf will post 0.82 EPS 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.