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

Basf Se (OTCMKTS:BASFY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,600 shares, a decline of 66.0% from the November 30th total of 4,700 shares. Based on an average trading volume of 717,100 shares, the days-to-cover ratio is presently 0.0 days.

Basf Price Performance

Shares of Basf stock traded up $0.01 during trading on Thursday, reaching $11.03. 146,528 shares of the company’s stock were exchanged, compared to its average volume of 169,024. Basf has a 1-year low of $10.93 and a 1-year high of $14.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09. The firm’s 50-day moving average price is $11.63 and its 200 day moving average price is $12.00. The company has a market cap of $39.38 billion, a P/E ratio of 68.94, a PEG ratio of 1.16 and a beta of 1.19.

Basf (OTCMKTS:BASFY) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $17.30 billion during the quarter. Basf had a net margin of 0.78% and a return on equity of 6.53%. As a group, research analysts anticipate that Basf will post 0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BASFY. Citigroup upgraded shares of Basf to a “hold” rating in a research note on Wednesday, October 9th. UBS Group downgraded Basf from a “buy” rating to a “neutral” rating in a research note on Monday, October 14th. The Goldman Sachs Group raised Basf from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group upgraded shares of Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Basf in a research report on Friday, October 11th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.