Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 13,885 shares, a decrease of 61.2% from the May 31st total of 35,831 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 318,669 shares, the days-to-cover ratio is presently 0.0 days.

Basf Price Performance

Shares of BASFY opened at $13.55 on Monday. The firm’s 50-day simple moving average is $14.93 and its 200 day simple moving average is $14.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.19 and a current ratio of 1.93. The firm has a market cap of $48.37 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 1.10 and a beta of 0.72. Basf has a 52 week low of $11.93 and a 52 week high of $16.25.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Basf had a return on equity of 3.90% and a net margin of 2.91%.The company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.44 billion. On average, analysts forecast that Basf will post 0.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BASFY. Kepler Capital Markets upgraded shares of Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. Citigroup reiterated a “buy” rating on shares of Basf in a research note on Friday, April 24th. Morgan Stanley restated an “overweight” rating on shares of Basf in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Basf in a report on Tuesday, May 5th. Finally, Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Basf has an average 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.