Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 147,542 shares, an increase of 25.9% from the December 31st total of 117,185 shares. Based on an average daily trading volume, of 201,465 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 201,465 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

A number of brokerages have commented on BASFY. Zacks Research lowered shares of Basf from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Citigroup initiated coverage on shares of Basf in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Berenberg Bank cut shares of Basf from a “hold” rating to a “sell” rating in a research note on Tuesday, October 14th. DZ Bank lowered shares of Basf from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Basf Stock Up 1.5%

Shares of OTCMKTS:BASFY opened at $13.77 on Tuesday. Basf has a one year low of $10.75 and a one year high of $14.76. The company has a 50 day moving average of $13.05 and a 200-day moving average of $12.86. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01. The stock has a market cap of $48.41 billion, a price-to-earnings ratio of 137.71 and a beta of 0.83.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.