Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 10,381 shares, a decrease of 62.5% from the July 15th total of 27,649 shares. Based on an average trading volume of 311,743 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Basf Price Performance

Basf stock traded up $0.36 during midday trading on Friday, reaching $14.79. 84,396 shares of the stock were exchanged, compared to its average volume of 128,091. Basf has a 52 week low of $11.93 and a 52 week high of $16.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.26 and a current ratio of 1.91. The firm has a market cap of $52.80 billion, a PE ratio of 7.62, a PEG ratio of 1.09 and a beta of 0.73. The company’s fifty day moving average is $14.03 and its 200-day moving average is $14.50.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results 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. Basf had a net margin of 9.40% and a return on equity of 5.78%. The firm had revenue of $19.99 billion during the quarter, compared to analyst estimates of $18.85 billion. On average, sell-side analysts forecast that Basf will post 0.84 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup reiterated a “buy” rating on shares of Basf in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a report on Tuesday, May 5th. Morgan Stanley reiterated an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. Finally, Kepler Capital Markets raised shares of Basf from a “hold” rating to a “buy” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.