Short Interest in Basf Se (OTCMKTS:BASFY) Drops By 62.9%

Basf Se (OTCMKTS:BASFY – Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 12,606 shares, a decline of 62.9% from the April 30th total of 34,012 shares. Based on an average daily volume of 845,212 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Basf Price Performance

Shares of Basf stock opened at $14.77 on Monday. The company has a current ratio of 1.93, a quick ratio of 1.19 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $15.22 and its two-hundred day moving average price is $14.04. Basf has a 52 week low of $11.75 and a 52 week high of $16.25. The stock has a market cap of $52.73 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72.

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Basf (OTCMKTS:BASFY – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. Basf had a net margin of 2.91% and a return on equity of 3.90%. The firm had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.44 billion. As a group, sell-side analysts anticipate that Basf will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

BASFY has been the topic of a number of recent analyst reports. Kepler Capital Markets restated a “hold” rating on shares of Basf in a research note on Tuesday, March 31st. Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Citigroup restated a “buy” rating on shares of Basf in a research note on Friday, April 24th. Berenberg Bank upgraded shares of Basf from a “sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Morgan Stanley restated an “overweight” rating on shares of Basf in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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About Basf

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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.

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