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

Basf Se (OTCMKTS:BASFY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 115,500 shares, an increase of 157.8% from the August 31st total of 44,800 shares. Based on an average trading volume of 287,400 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised shares of Basf to a “strong-buy” rating in a research note on Friday, June 28th. Three analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Basf Price Performance

Basf stock opened at $13.41 on Friday. The stock has a market cap of $48.51 billion, a price-to-earnings ratio of 1,341.00, a P/E/G ratio of 1.15 and a beta of 1.22. Basf has a 12-month low of $10.66 and a 12-month high of $14.89. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 0.49. The business’s 50-day simple moving average is $12.07 and its 200 day simple moving average is $12.74.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data on Friday, July 26th. The basic materials company reported $0.25 earnings per share for the quarter. Basf had a negative net margin of 0.04% and a positive return on equity of 6.36%. The business had revenue of $17.34 billion for the quarter. As a group, research analysts anticipate that Basf will post 0.95 earnings per share for the current 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.