Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 10,381 shares, a decline of 62.5% from the July 15th total of 27,649 shares. Based on an average daily trading volume, of 311,743 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

BASFY has been the topic of several research reports. Citigroup reissued a “buy” rating on shares of Basf in a research report on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a research note on Tuesday, May 5th. Finally, Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Basf Stock Down 2.0%

OTCMKTS:BASFY opened at $14.43 on Friday. 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 company’s fifty day moving average price is $14.03 and its 200-day moving average price is $14.50. Basf has a 1-year low of $11.93 and a 1-year high of $16.25. The firm has a market capitalization of $51.52 billion, a P/E ratio of 7.44, a PEG ratio of 1.16 and a beta of 0.73.

Basf (OTCMKTS:BASFY) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. Basf had a net margin of 9.40% and a return on equity of 5.78%. The company had revenue of $19.99 billion during the quarter, compared to the consensus estimate of $18.85 billion. As a group, equities research analysts anticipate that Basf will post 0.84 EPS for the current 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.