Basf Se (OTCMKTS:BASFY) Sees Significant Growth in Short Interest

Basf Se (OTCMKTS:BASFY) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 126,500 shares, an increase of 80.2% from the February 28th total of 70,200 shares. Based on an average trading volume of 685,500 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BASFY. JPMorgan Chase & Co. lowered Basf from a “neutral” rating to an “underweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Basf in a research note on Friday, March 7th. Finally, Berenberg Bank lowered shares of Basf from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Basf Stock Performance

OTCMKTS BASFY opened at $12.81 on Monday. The business’s 50 day moving average price is $12.96 and its 200-day moving average price is $12.21. Basf has a fifty-two week low of $10.57 and a fifty-two week high of $14.89. The company has a market cap of $45.73 billion, a P/E ratio of 80.07, a P/E/G ratio of 2.30 and a beta of 1.16. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.03 and a current ratio of 1.87.

Basf (OTCMKTS:BASFY) last announced its earnings results on Friday, February 28th. The basic materials company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. Basf had a net margin of 0.78% and a return on equity of 6.63%. The business had revenue of $16.92 billion for the quarter, compared to the consensus estimate of $15.72 billion. Sell-side analysts predict that Basf will post 0.83 earnings per share for the current 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.