Short Interest in Basf Se (OTCMKTS:BASFY) Rises By 19.6%

Basf Se (OTCMKTS:BASFY - Get Free Report) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 70,200 shares, an increase of 19.6% from the February 13th total of 58,700 shares. Based on an average daily volume of 281,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company's stock are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BASFY. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Basf in a report on Friday, March 7th. Berenberg Bank downgraded Basf from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Basf presently has an average rating of "Hold".

Basf Stock Performance

Shares of OTCMKTS BASFY traded down $0.56 during trading hours on Friday, reaching $13.69. The stock had a trading volume of 377,424 shares, compared to its average volume of 263,127. The firm has a market cap of $48.87 billion, a price-to-earnings ratio of 85.57, a PEG ratio of 2.30 and a beta of 1.16. The company has a current ratio of 1.87, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53. Basf has a fifty-two week low of $10.57 and a fifty-two week high of $14.89. The firm has a 50-day moving average of $12.69 and a 200-day moving average of $12.16.

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Basf (OTCMKTS:BASFY - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The basic materials company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.05. Basf had a return on equity of 6.63% and a net margin of 0.78%. The company had revenue of $16.92 billion during the quarter, compared to analysts' expectations of $15.72 billion. Equities research analysts predict that Basf will post 0.83 earnings per share for the current 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 comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.