Basf Se (OTCMKTS:BASFY – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 19,300 shares, an increase of 114.4% from the June 15th total of 9,000 shares. Based on an average trading volume of 292,800 shares, the days-to-cover ratio is currently 0.1 days.
Analysts Set New Price Targets
Several brokerages have recently issued reports on BASFY. BNP Paribas restated an “underperform” rating on shares of Basf in a research note on Monday, April 15th. Redburn Atlantic upgraded shares of Basf from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 9th. Finally, Berenberg Bank upgraded Basf to a “strong-buy” rating in a report on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Analysis on BASFY
Basf Trading Up 1.2 %
Basf (OTCMKTS:BASFY – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.46 earnings per share for the quarter. The firm had revenue of $19.06 billion for the quarter. Basf had a return on equity of 5.85% and a net margin of 0.07%. On average, analysts anticipate that Basf will post 0.87 earnings per share for the current fiscal year.
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.
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