Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 89,736 shares, a growth of 183.8% from the August 31st total of 31,616 shares. Based on an average daily volume of 165,692 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Several brokerages have recently commented on BASFY. Citigroup reaffirmed a “buy” rating on shares of Basf in a research note on Thursday, September 3rd. Kepler Capital Markets upgraded shares of Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Basf presently has an average rating of “Moderate Buy”.

Basf Stock Performance

Shares of BASFY stock traded down $0.06 during trading hours on Monday, reaching $14.37. The company had a trading volume of 53,481 shares, compared to its average volume of 172,406. The firm has a market cap of $51.30 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 1.17 and a beta of 0.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.19 and a current ratio of 1.85. The business has a fifty day moving average price of $14.82 and a 200-day moving average price of $14.69. Basf has a one year low of $11.93 and a one year high of $16.25.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. Basf had a return on equity of 5.66% and a net margin of 9.40%.The firm had revenue of $19.99 billion for the quarter, compared to the consensus estimate of $18.85 billion. Sell-side analysts predict that Basf will post 0.82 earnings per share for the current fiscal year.

Basf Company Profile

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen. Founded in 1865, the company develops and manufactures a broad range of chemicals and materials used by industrial, commercial and consumer customers worldwide. Its portfolio supports industries including automotive, construction, agriculture, electronics, energy, food and personal care.

BASF’s products include basic and specialty chemicals, plastics and performance materials, coatings, catalysts, battery materials, ingredients for nutrition and personal care, and crop protection products and seeds.