Basf Se (OTCMKTS:BASFY) Short Interest Down 36.8% in January

Basf Se (OTCMKTS:BASFY) was the recipient of a large decrease in short interest in the month of 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 volume of 660,400 shares, the days-to-cover ratio is presently 0.0 days.

Basf Price Performance

Shares of BASFY stock traded down $0.22 during trading hours on Friday, hitting $12.01. The company had a trading volume of 185,120 shares, compared to its average volume of 226,847. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.03 and a current ratio of 1.87. The firm has a market capitalization of $42.88 billion, a price-to-earnings ratio of 75.08, a PEG 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 firm’s fifty day moving average is $11.33 and its 200 day moving average is $11.86.

Basf (OTCMKTS:BASFY) last announced its earnings results 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 6.63%. On average, sell-side analysts predict that Basf will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Basf

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.