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

Basf Se (OTCMKTS:BASFY - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 126,500 shares, an increase of 80.2% from the February 28th total of 70,200 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 685,500 shares, the short-interest ratio is currently 0.2 days.

Basf Stock Performance

Shares of BASFY stock traded up $0.14 on Wednesday, reaching $12.59. The stock had a trading volume of 168,787 shares, compared to its average volume of 249,680. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.03 and a current ratio of 1.87. Basf has a 1 year low of $10.57 and a 1 year high of $14.89. The stock has a market cap of $44.95 billion, a P/E ratio of 78.69, a price-to-earnings-growth ratio of 2.30 and a beta of 1.16. The company has a 50 day simple moving average of $13.00 and a 200 day simple moving average of $12.22.

Basf (OTCMKTS:BASFY - Get Free Report) last announced its earnings results on Friday, February 28th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. Basf had a return on equity of 6.63% and a net margin of 0.78%. The business had revenue of $16.92 billion for the quarter, compared to analysts' expectations of $15.72 billion. Equities research analysts expect that Basf will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Basf from a "neutral" rating to an "underweight" rating in a research report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Basf in a research note on Friday, March 7th. Finally, Berenberg Bank cut Basf from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold".

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.