Basf Se (OTCMKTS:BASFY) Short Interest Up 18.8% in December

Basf Se (OTCMKTS:BASFY) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,900 shares, a growth of 18.8% from the December 15th total of 1,600 shares. Based on an average trading volume of 581,200 shares, the days-to-cover ratio is currently 0.0 days.

Basf Price Performance

Shares of BASFY traded down $0.05 during mid-day trading on Friday, hitting $11.33. 136,453 shares of the company were exchanged, compared to its average volume of 253,252. 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 $40.45 billion, a price-to-earnings ratio of 70.82, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19. The company has a 50 day moving average of $11.21 and a 200-day moving average of $11.87.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. Basf had a return on equity of 6.63% and a net margin of 0.78%. The firm had revenue of $17.30 billion for the quarter. Analysts expect that Basf will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BASFY has been the subject of several recent research reports. Jefferies Financial Group raised shares of Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Citigroup raised shares of Basf to a “hold” rating in a report on Wednesday, October 9th. UBS Group lowered shares of Basf from a “buy” rating to a “neutral” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. started coverage on Basf in a research note on Friday, October 11th. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group upgraded Basf from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

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.