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

Basf Se (OTCMKTS:BASFY) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 1,200 shares, a decrease of 36.8% from the December 31st total of 1,900 shares. Based on an average daily trading volume, of 660,400 shares, the days-to-cover ratio is presently 0.0 days.

Basf Trading Down 1.8 %

Shares of OTCMKTS BASFY traded down $0.22 during midday trading on Friday, reaching $12.01. 185,120 shares of the stock were exchanged, compared to its average volume of 226,847. The company has a market capitalization of $42.88 billion, a price-to-earnings ratio of 75.08, a P/E/G ratio of 1.72 and a beta of 1.19. Basf has a 12 month low of $10.57 and a 12 month high of $14.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.03. The business has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $11.86.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share for the quarter. Basf had a net margin of 0.78% and a return on equity of 6.63%. The firm had revenue of $17.30 billion for the quarter. As a group, equities research analysts expect that Basf will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

BASFY has been the subject of a number of recent research reports. UBS Group downgraded Basf from a “buy” rating to a “neutral” rating in a research report 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. Citigroup raised shares of Basf to a “hold” rating in a research note on Wednesday, October 9th. Jefferies Financial Group raised Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. assumed coverage on Basf in a research note on Friday, October 11th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.