Basf Se (OTCMKTS:BASFY) Short Interest Down 27.1% in December

Basf Se (OTCMKTS:BASFY) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 117,185 shares, a decrease of 27.1% from the December 15th total of 160,830 shares. Based on an average daily volume of 197,046 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 197,046 shares, the short-interest ratio is presently 0.6 days.

Basf Stock Performance

Shares of BASFY stock opened at $12.96 on Friday. Basf has a 52 week low of $10.75 and a 52 week high of $14.76. The company has a market capitalization of $47.62 billion, a price-to-earnings ratio of 129.61 and a beta of 0.83. The company has a 50-day simple moving average of $12.83 and a 200 day simple moving average of $12.78. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Citigroup started coverage on shares of Basf in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Berenberg Bank lowered shares of Basf from a “hold” rating to a “sell” rating in a research note on Tuesday, October 14th. Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Basf

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.