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

Basf Se (OTCMKTS:BASFY) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 37,000 shares, a decrease of 63.5% from the February 29th total of 101,400 shares. Based on an average daily trading volume, of 306,300 shares, the days-to-cover ratio is presently 0.1 days.

Basf Price Performance

Shares of BASFY stock traded down $0.13 during mid-day trading on Friday, reaching $14.29. The company’s stock had a trading volume of 65,192 shares, compared to its average volume of 150,175. Basf has a 1-year low of $10.66 and a 1-year high of $14.42. The company has a market cap of $51.70 billion, a P/E ratio of 238.17, a PEG ratio of 1.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 1.98. The firm’s 50-day moving average is $12.80 and its two-hundred day moving average is $12.23.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data on Friday, February 23rd. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $17.09 billion during the quarter. Basf had a net margin of 0.32% and a return on equity of 6.25%. On average, research analysts predict that Basf will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of Basf from a “sell” rating to a “buy” rating in a research report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

About Basf

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.