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

Basf Se (OTCMKTS:BASFY) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 31,616 shares, a decrease of 37.7% from the August 15th total of 50,729 shares. Based on an average daily volume of 348,280 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Basf Price Performance

OTCMKTS:BASFY opened at $15.06 on Friday. The firm has a market cap of $53.77 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 1.10 and a beta of 0.74. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average is $14.70 and its two-hundred day moving average is $14.63. Basf has a 12-month low of $11.93 and a 12-month high of $16.25.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. The business had revenue of $19.99 billion during the quarter, compared to the consensus estimate of $18.85 billion. Basf had a net margin of 9.40% and a return on equity of 5.66%. Research analysts expect that Basf will post 0.84 EPS for the current year.

Analyst Ratings Changes

BASFY has been the subject of a number of recent research reports. Citigroup reissued a “buy” rating on shares of Basf in a research note on Thursday, September 3rd. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Basf presently has an average rating of “Moderate Buy”.

About Basf

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen. Founded in 1865, the company develops and manufactures a broad range of chemicals and materials used by industrial, commercial and consumer customers worldwide. Its portfolio supports industries including automotive, construction, agriculture, electronics, energy, food and personal care.

BASF’s products include basic and specialty chemicals, plastics and performance materials, coatings, catalysts, battery materials, ingredients for nutrition and personal care, and crop protection products and seeds.