Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 95,941 shares, a decline of 41.7% from the February 12th total of 164,603 shares. Based on an average daily trading volume, of 385,806 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 385,806 shares, the days-to-cover ratio is presently 0.2 days.

Basf Trading Down 0.8%

Shares of BASFY opened at $13.80 on Friday. Basf has a 12 month low of $10.75 and a 12 month high of $15.60. The company has a 50-day moving average price of $13.85 and a two-hundred day moving average price 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 issued its earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.42). Basf had a return on equity of 4.37% and a net margin of 2.59%.The company had revenue of $16.56 billion during the quarter, compared to analyst estimates of $14.32 billion. On average, research analysts predict that Basf will post 0.83 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded 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 note on Wednesday, February 18th. Barclays cut shares of Basf from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. DZ Bank raised shares of Basf from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Berenberg Bank upgraded Basf from a “sell” rating to a “hold” rating in a research note on Tuesday, February 17th. One research 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

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.