Short Interest in Basf Se (OTCMKTS:BASFY) Declines By 30.2%

Basf Se (OTCMKTS:BASFY) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 36,500 shares, a decline of 30.2% from the October 15th total of 52,300 shares. Based on an average daily volume of 285,200 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BASFY shares. Jefferies Financial Group upgraded Basf from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group raised Basf from a “neutral” rating to a “buy” rating in a research note on Monday. UBS Group downgraded Basf from a “buy” rating to a “neutral” rating in a research note on Monday, October 14th. Citigroup upgraded shares of Basf to a “hold” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. began coverage on shares of Basf in a research report on Friday, October 11th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Basf Stock Performance

Shares of BASFY traded up $0.02 during mid-day trading on Friday, reaching $11.15. The company had a trading volume of 243,853 shares, compared to its average volume of 170,621. Basf has a 52 week low of $11.02 and a 52 week high of $14.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09. The firm has a 50-day moving average price of $12.39 and a 200 day moving average price of $12.37.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share for the quarter. The firm had revenue of $17.30 billion during the quarter. Basf had a return on equity of 6.53% and a net margin of 0.78%. Equities research analysts forecast that Basf will post 0.9 EPS for the current fiscal year.

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.