Basf Se (OTCMKTS:BASFY) Sees Significant Decrease in Short Interest

Basf Se (OTCMKTS:BASFY) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,600 shares, a decrease of 66.0% from the November 30th total of 4,700 shares. Based on an average daily volume of 717,100 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BASFY shares. UBS Group cut Basf from a “buy” rating to a “neutral” rating in a research note on Monday, October 14th. The Goldman Sachs Group raised Basf from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. began coverage on Basf in a report on Friday, October 11th. They issued a “neutral” rating for the company. Jefferies Financial Group raised shares of Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Finally, Citigroup upgraded shares of Basf to a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Basf Stock Performance

BASFY traded up $0.05 during trading on Friday, hitting $11.08. 250,498 shares of the stock were exchanged, compared to its average volume of 169,351. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 0.49. Basf has a 1-year low of $10.93 and a 1-year high of $14.89. The stock has a fifty day moving average price of $11.60 and a two-hundred day moving average price of $11.99. The firm has a market capitalization of $39.56 billion, a P/E ratio of 69.25, a PEG ratio of 1.16 and a beta of 1.19.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.09 EPS for the quarter. Basf had a net margin of 0.78% and a return on equity of 6.53%. The firm had revenue of $17.30 billion during the quarter. As a group, sell-side analysts predict that Basf will post 0.89 earnings per share for the current 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.