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

Basf Se (OTCMKTS:BASFY) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 95,941 shares, a decline of 41.7% from the February 12th total of 164,603 shares. Based on an average daily trading volume, of 385,806 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 385,806 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Zacks Research lowered shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Barclays cut shares of Basf from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. DZ Bank upgraded shares of Basf from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Basf in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Basf has an average rating of “Hold”.

Basf Price Performance

Shares of OTCMKTS:BASFY opened at $13.80 on Friday. Basf has a fifty-two week low of $10.75 and a fifty-two week high of $15.60. The business has a 50-day moving average of $13.85 and a two-hundred day moving average of $13.10. The stock has a market capitalization of $49.27 billion, a P/E ratio of 27.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings data on Friday, February 27th. The basic materials company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.42). Basf had a net margin of 2.59% and a return on equity of 4.37%. The company had revenue of $16.56 billion for the quarter, compared to analyst estimates of $14.32 billion. On average, equities research analysts predict that Basf will post 0.83 EPS for the current fiscal year.

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.