Basf Se (OTCMKTS:BASFY) Short Interest Up 80.2% in March

Basf Se (OTCMKTS:BASFY) was the recipient of a large 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 daily trading volume, of 685,500 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Basf Stock Performance

Shares of BASFY traded down $0.11 during trading hours on Friday, reaching $12.81. 152,281 shares of the company traded hands, compared to its average volume of 251,854. The stock has a market capitalization 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 quick ratio of 1.03, a current ratio of 1.87 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average price of $12.96 and a 200-day moving average price of $12.21. Basf has a 12-month low of $10.57 and a 12-month high of $14.89.

Basf (OTCMKTS:BASFY) last posted its quarterly 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 return on equity of 6.63% and a net margin of 0.78%. The business had revenue of $16.92 billion for the quarter, compared to the consensus estimate of $15.72 billion. Equities analysts anticipate that Basf will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Basf in a research note on Friday, March 7th. JPMorgan Chase & Co. cut Basf from a “neutral” rating to an “underweight” rating in a research report on Thursday. Finally, Berenberg Bank lowered Basf from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Basf Company Profile

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.