Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 13,885 shares, a decrease of 61.2% from the May 31st total of 35,831 shares. Based on an average daily volume of 318,669 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Basf Trading Down 0.8%

BASFY opened at $13.55 on Friday. Basf has a 52 week low of $11.93 and a 52 week high of $16.25. The company has a quick ratio of 1.19, a current ratio of 1.93 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $14.93 and a 200-day simple moving average of $14.24. The firm has a market cap of $48.37 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.10 and a beta of 0.72.

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

Analyst Upgrades and Downgrades

BASFY has been the subject of a number of recent analyst reports. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a research 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. Morgan Stanley reiterated an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. DZ Bank raised shares of Basf from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Citigroup restated a “buy” rating on shares of Basf in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.