Basf Se (OTCMKTS:BASFY) Short Interest Down 27.1% in December

Basf Se (OTCMKTS:BASFY) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 117,185 shares, a decrease of 27.1% from the December 15th total of 160,830 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 197,046 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 197,046 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of brokerages have weighed in on BASFY. Zacks Research raised shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Citigroup initiated coverage on Basf in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft cut Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Berenberg Bank cut Basf from a “hold” rating to a “sell” rating in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Basf currently has a consensus rating of “Hold”.

Basf Trading Down 2.8%

BASFY opened at $12.96 on Friday. Basf has a twelve month low of $10.75 and a twelve month high of $14.76. The firm has a market cap of $46.27 billion, a PE ratio of 129.61 and a beta of 0.83. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82. The firm’s fifty day moving average is $12.83 and its two-hundred day moving average is $12.78.

Basf Company Profile

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.