Basf Se (OTCMKTS:BASFY) Short Interest Up 697.0% in July

Basf Se (OTCMKTS:BASFY) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 27,649 shares, an increase of 697.0% from the June 30th total of 3,469 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 310,938 shares, the short-interest ratio is presently 0.1 days.

Basf Price Performance

Shares of Basf stock opened at $13.79 on Friday. The firm has a market capitalization of $49.23 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 1.06 and a beta of 0.74. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.56. Basf has a 12 month low of $11.93 and a 12 month high of $16.25. The business’s 50-day moving average price is $14.13 and its 200-day moving average price is $14.35.

Basf (OTCMKTS:BASFY) last released its earnings results on Thursday, April 30th. The basic materials company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. The company had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.44 billion. Basf had a return on equity of 3.84% and a net margin of 2.91%. Sell-side analysts forecast that Basf will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Kepler Capital Markets upgraded shares of Basf from a “hold” rating to a “buy” rating in a research report on Thursday, June 11th. Morgan Stanley reissued an “overweight” rating on shares of Basf in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Basf in a research report on Tuesday, May 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Basf in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Basf

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.