Short Interest in Basf Se (OTCMKTS:BASFY) Rises By 18.8%

Basf Se (OTCMKTS:BASFY) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,900 shares, a growth of 18.8% from the December 15th total of 1,600 shares. Based on an average daily volume of 581,200 shares, the days-to-cover ratio is currently 0.0 days.

Basf Trading Up 0.3 %

Shares of Basf stock opened at $11.36 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.87 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 company has a market capitalization of $40.56 billion, a price-to-earnings ratio of 71.00, a PEG ratio of 1.32 and a beta of 1.19. The firm’s 50-day moving average price is $11.19 and its two-hundred day moving average price is $11.86.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. Basf had a net margin of 0.78% and a return on equity of 6.63%. The business had revenue of $17.30 billion for the quarter. On average, analysts forecast that Basf will post 0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BASFY. UBS Group cut Basf from a “buy” rating to a “neutral” rating in a report on Monday, October 14th. JPMorgan Chase & Co. began coverage on shares of Basf in a research report on Friday, October 11th. They issued a “neutral” rating for the company. The Goldman Sachs Group raised shares of Basf from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. Citigroup raised shares of Basf to a “hold” rating in a report on Wednesday, October 9th. Finally, Jefferies Financial Group raised shares of Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have issued 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 company currently has a consensus rating of “Moderate Buy”.

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.