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

Basf Se (OTCMKTS:BASFY) was the target of a significant increase in short interest during the month of 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 presently 0.0 days.

Basf Stock Down 0.4 %

OTCMKTS BASFY traded down $0.05 on Friday, hitting $11.33. The stock had a trading volume of 136,453 shares, compared to its average volume of 253,252. Basf has a 52-week low of $10.57 and a 52-week high of $14.89. The business’s fifty day moving average price is $11.21 and its 200 day moving average price is $11.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.03. The stock has a market cap of $40.45 billion, a price-to-earnings ratio of 70.82, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on BASFY. Jefferies Financial Group raised shares of Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. initiated coverage on Basf in a research report on Friday, October 11th. They set a “neutral” rating on the stock. The Goldman Sachs Group raised shares of Basf from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. UBS Group lowered Basf from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. Finally, Citigroup upgraded Basf to a “hold” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock 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.