Basf Se (OTCMKTS:BASFY) Sees Large Increase in Short Interest

Basf Se (OTCMKTS:BASFY) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 126,500 shares, a growth of 80.2% from the February 28th total of 70,200 shares. Based on an average daily trading volume, of 685,500 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

BASFY has been the subject of several recent research reports. JPMorgan Chase & Co. cut Basf from a “neutral” rating to an “underweight” rating in a research report on Thursday. Berenberg Bank lowered shares of Basf from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Basf presently has an average rating of “Hold”.

Basf Price Performance

BASFY traded down $0.11 during trading on Friday, hitting $12.81. The company’s stock had a trading volume of 152,281 shares, compared to its average volume of 251,854. The firm has a market capitalization of $45.73 billion, a price-to-earnings ratio of 80.07, a P/E/G ratio of 2.30 and a beta of 1.16. Basf has a twelve month low of $10.57 and a twelve month high of $14.89. The business’s fifty day simple moving average is $12.96 and its 200 day simple moving average is $12.21. The company has a current ratio of 1.87, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Friday, February 28th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 0.78% and a return on equity of 6.63%. On average, equities research analysts forecast that Basf will post 0.83 EPS for the current fiscal year.

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.