Basf Se (OTCMKTS:BASFY) Sees Large Increase in Short Interest

Basf Se (OTCMKTS:BASFY) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 126,500 shares, a growth of 80.2% from the February 28th total of 70,200 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 685,500 shares, the days-to-cover ratio is presently 0.2 days.

Basf Trading Down 0.9 %

Basf stock opened at $12.81 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53. Basf has a 12-month low of $10.57 and a 12-month high of $14.89. The firm has a market capitalization of $45.73 billion, a price-to-earnings ratio of 80.07, a P/E/G ratio of 2.30 and a beta of 1.16. The firm has a 50 day moving average of $12.96 and a 200 day moving average of $12.21.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data on Friday, February 28th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The firm had revenue of $16.92 billion during the quarter, compared to analysts’ expectations of $15.72 billion. Basf had a net margin of 0.78% and a return on equity of 6.63%. As a group, research analysts predict that Basf will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

BASFY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered shares of Basf from a “neutral” rating to an “underweight” rating in a research report on Thursday. Finally, Berenberg Bank downgraded shares of Basf from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Basf presently has an average rating of “Hold”.

About Basf

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.