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

Basf Se (OTCMKTS:BASFY) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,469 shares, a decrease of 75.0% from the June 15th total of 13,885 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 364,296 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

BASFY has been the subject of a number of recent research reports. Kepler Capital Markets upgraded shares of Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. Zacks Research raised shares of Basf from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a research note on Tuesday, May 5th. Citigroup restated a “buy” rating on shares of Basf in a research note on Friday, April 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Basf in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Basf Stock Performance

OTCMKTS BASFY remained flat at $13.49 on Friday. 106,531 shares of the company’s stock traded hands, compared to its average volume of 164,298. The company has a quick ratio of 1.19, a current ratio of 1.93 and a debt-to-equity ratio of 0.54. Basf has a twelve month low of $11.93 and a twelve month high of $16.25. The stock’s fifty day moving average price is $14.48 and its 200-day moving average price is $14.28. The firm has a market cap of $48.16 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.09 and a beta of 0.74.

Basf (OTCMKTS:BASFY) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The business had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.44 billion. Basf had a return on equity of 3.90% and a net margin of 2.91%. On average, research analysts anticipate that Basf will post 0.82 earnings per share for the current fiscal year.

Basf Company Profile

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.