Basf Se (OTCMKTS:BASFY) Short Interest Up 19.6% in February

Basf Se (OTCMKTS:BASFY) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 70,200 shares, an increase of 19.6% from the February 13th total of 58,700 shares. Based on an average trading volume of 281,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Basf Trading Up 1.3 %

OTCMKTS:BASFY opened at $14.55 on Wednesday. Basf has a fifty-two week low of $10.57 and a fifty-two week high of $14.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.03. The stock has a market capitalization of $51.94 billion, a PE ratio of 90.94, a price-to-earnings-growth ratio of 2.30 and a beta of 1.16. The business’s 50-day simple moving average is $12.57 and its 200-day simple moving average is $12.14.

Basf (OTCMKTS:BASFY) last released its earnings results on Friday, February 28th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. The firm had revenue of $16.92 billion for the quarter, compared to analysts’ expectations of $15.72 billion. Basf had a return on equity of 6.63% and a net margin of 0.78%. Sell-side analysts expect that Basf will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BASFY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Basf in a research report on Friday, March 7th. Berenberg Bank lowered shares of Basf from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Basf Company Profile

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.