Short Interest in Basf Se (OTCMKTS:BASFY) Rises By 900.0%

Basf Se (OTCMKTS:BASFY) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 9,000 shares, a growth of 900.0% from the May 31st total of 900 shares. Based on an average daily volume of 208,400 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

BASFY has been the subject of a number of research analyst reports. Redburn Atlantic raised shares of Basf from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. BNP Paribas reissued an “underperform” rating on shares of Basf in a report on Monday, April 15th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Basf Price Performance

Shares of BASFY opened at $12.08 on Friday. The company has a market capitalization of $43.70 billion, a price-to-earnings ratio of 1,208.00, a P/E/G ratio of 0.96 and a beta of 1.24. Basf has a fifty-two week low of $10.66 and a fifty-two week high of $14.89. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.09 and a quick ratio of 1.23. The business’s 50-day moving average is $12.88 and its 200-day moving average is $12.99.

Basf (OTCMKTS:BASFY) last issued its earnings results on Thursday, April 25th. The basic materials company reported $0.46 earnings per share for the quarter. The company 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%. Equities research analysts expect that Basf will post 0.87 EPS for the current fiscal year.

Basf Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 10th. Stockholders of record on Monday, April 29th were issued a $0.6594 dividend. This is an increase from Basf’s previous dividend of $0.64. The ex-dividend date was Friday, April 26th. Basf’s dividend payout ratio is currently 6,500.00%.

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.