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

Basf Se (OTCMKTS:BASFY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 1,900 shares, an increase 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.

Wall Street Analyst Weigh In

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

Basf Stock Performance

Shares of BASFY stock opened at $11.36 on Friday. Basf has a 52 week low of $10.57 and a 52 week high of $14.89. The company has a market cap of $40.56 billion, a P/E ratio of 71.00, a PEG ratio of 1.32 and a beta of 1.19. The company has a quick ratio of 1.03, a current ratio of 1.87 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average of $11.19 and a two-hundred day moving average of $11.86.

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

Basf Company Profile

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.