Short Interest in Basf Se (OTCMKTS:BASFY) Drops By 25.5%

Basf Se (OTCMKTS:BASFY - Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 14,900 shares, a decrease of 25.5% from the July 15th total of 20,000 shares. Based on an average trading volume of 314,500 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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Separately, Berenberg Bank raised shares of Basf to a "strong-buy" rating in a report on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

View Our Latest Report on Basf

Basf Stock Performance

OTCMKTS BASFY traded down $0.09 on Thursday, reaching $11.31. The stock had a trading volume of 102,121 shares, compared to its average volume of 146,896. Basf has a 12-month low of $10.66 and a 12-month high of $14.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09. The stock has a market cap of $40.92 billion, a P/E ratio of 1,131.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.21. The business's 50-day moving average price is $11.94 and its 200 day moving average price is $12.78.

Basf (OTCMKTS:BASFY - Get Free Report) last issued its earnings results on Friday, July 26th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $17.34 billion during the quarter. Basf had a positive return on equity of 6.36% and a negative net margin of 0.04%. As a group, equities analysts expect that Basf will post 0.92 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.

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