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

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

Analysts Set New Price Targets

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

Basf Stock Down 0.5%

BASFY opened at $13.79 on Friday. Basf has a 12 month low of $11.93 and a 12 month high of $16.25. The business has a 50-day moving average of $14.13 and a two-hundred day moving average of $14.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.91 and a quick ratio of 1.26. The stock has a market capitalization of $49.23 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. Basf had a net margin of 2.91% and a return on equity of 3.84%. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.44 billion. On average, research analysts expect that Basf will post 0.86 earnings per share for the current year.

Basf Company Profile

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.