Short Interest in Basf Se (OTCMKTS:BASFY) Rises By 182.8%

Basf Se (OTCMKTS:BASFY) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 52,600 shares, a growth of 182.8% from the March 31st total of 18,600 shares. Based on an average daily volume of 325,100 shares, the days-to-cover ratio is currently 0.2 days.

Basf Stock Up 2.1 %

Shares of OTCMKTS BASFY opened at $13.05 on Friday. Basf has a 1 year low of $10.66 and a 1 year high of $14.89. The firm has a market cap of $47.21 billion, a price-to-earnings ratio of 1,305.00, a PEG ratio of 1.10 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 1.98. The stock’s 50-day simple moving average is $13.61 and its 200-day simple moving average is $12.61.

Basf (OTCMKTS:BASFY) last announced its earnings results on Friday, February 23rd. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter. Basf had a return on equity of 5.84% and a net margin of 0.07%. The business had revenue of $17.09 billion for the quarter. As a group, equities analysts anticipate that Basf will post 0.87 earnings per share for the current fiscal year.

Basf Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 10th. Stockholders of record on Monday, April 29th will be given a dividend of $0.6594 per share. This is a positive change from Basf’s previous dividend of $0.64. The ex-dividend date of this dividend is Friday, April 26th. Basf’s payout ratio is presently 6,700.00%.

Wall Street Analyst Weigh In

BASFY has been the topic of several analyst reports. Redburn Atlantic upgraded Basf from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. BNP Paribas reiterated an “underperform” rating on shares of Basf in a report on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Basf presently has a consensus rating of “Hold”.

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.