Short Interest in Basf Se (OTCMKTS:BASFY) Declines By 33.6%

Basf Se (OTCMKTS:BASFY) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 38,200 shares, a decrease of 33.6% from the August 15th total of 57,500 shares. Based on an average daily volume of 232,600 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

BASFY has been the subject of several recent research reports. HSBC lowered shares of Basf from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. BNP Paribas downgraded shares of Basf from an “outperform” rating to a “neutral” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $59.00.

Basf Stock Performance

OTCMKTS:BASFY opened at $12.25 on Friday. The stock has a 50-day moving average price of $12.61 and a 200 day moving average price of $12.66. The company has a current ratio of 1.90, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45. Basf has a 12-month low of $9.01 and a 12-month high of $14.74. The stock has a market capitalization of $44.32 billion, a P/E ratio of -24.02 and a beta of 1.25.

Basf (OTCMKTS:BASFY) last released its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.05). Basf had a negative net margin of 2.21% and a positive return on equity of 9.32%. The company had revenue of $18.84 billion for the quarter, compared to the consensus estimate of $19.78 billion. Equities research analysts forecast that Basf will post 1.03 EPS for the current fiscal year.

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, such as isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.