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 February. As of February 27th, there was short interest totaling 95,941 shares, a decrease of 41.7% from the February 12th total of 164,603 shares. Based on an average trading volume of 385,806 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 385,806 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

BASFY has been the topic of several research analyst reports. Citigroup restated a “buy” rating on shares of Basf in a research note on Wednesday, February 25th. Barclays downgraded shares of Basf from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Santander lowered shares of Basf to a “neutral” rating in a research report on Wednesday, February 18th. Finally, Berenberg Bank upgraded shares of Basf from a “sell” rating to a “hold” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Basf Stock Up 3.2%

Shares of OTCMKTS BASFY opened at $13.91 on Friday. Basf has a one year low of $10.75 and a one year high of $15.60. The business has a fifty day simple moving average of $13.83 and a 200 day simple moving average of $13.11. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.42). The business had revenue of $16.56 billion during the quarter, compared to the consensus estimate of $14.32 billion. Basf had a net margin of 2.59% and a return on equity of 4.37%. As a group, equities research analysts expect that Basf will post 0.83 earnings per share for the current fiscal year.

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.