Short Interest in Basf Se (OTCMKTS:BASFY) Decreases By 75.0%

Basf Se (OTCMKTS:BASFY) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 3,469 shares, a drop of 75.0% from the June 15th total of 13,885 shares. Based on an average daily trading volume, of 364,296 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Basf Trading Up 2.4%

Basf stock opened at $13.81 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $14.44 and a two-hundred day moving average price of $14.30. The firm has a market capitalization of $49.30 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.09 and a beta of 0.74. Basf has a 52-week low of $11.93 and a 52-week high of $16.25.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.31 by $0.08. The company had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.44 billion. Basf had a net margin of 2.91% and a return on equity of 3.90%. Sell-side analysts expect that Basf will post 0.82 earnings per share for the current year.

Analysts Set New Price Targets

BASFY has been the topic of several research reports. Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Basf in a report on Tuesday, May 5th. Morgan Stanley reiterated an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. Citigroup restated a “buy” rating on shares of Basf in a research report on Friday, April 24th. Finally, Kepler Capital Markets upgraded 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 assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.