Basf Se (OTCMKTS:BASFY) Short Interest Update

Key Points

• Short interest fell sharply in BASFY, declining 62.5% to 10,381 shares as of July 31 from 27,649 shares on July 15. Shorted shares represented approximately 0.0% of the company’s stock, with a days-to-cover ratio of 0.0.
• BASF shares opened at $14.43, within a 12-month range of $11.93 to $16.25. The company has a $51.52 billion market capitalization and a low price-to-earnings ratio of 7.44.
• BASF exceeded quarterly expectations, reporting $0.37 in earnings per share versus the $0.24 consensus estimate and revenue of $19.99 billion versus $18.85 billion expected. Analysts’ overall consensus rating is “Moderate Buy.”

Basf Se (OTCMKTS:BASFY - Get Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 10,381 shares, a drop of 62.5% from the July 15th total of 27,649 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 311,743 shares, the days-to-cover ratio is currently 0.0 days.

Basf Stock Performance

Shares of BASFY stock opened at $14.43 on Friday. Basf has a 12-month low of $11.93 and a 12-month high of $16.25. The business's fifty day simple moving average is $14.03 and its 200-day simple moving average is $14.50. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.56. The company has a market cap of $51.52 billion, a PE ratio of 7.44, a PEG ratio of 1.16 and a beta of 0.73.

Basf (OTCMKTS:BASFY - Get Free Report) last announced its earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.13. Basf had a return on equity of 5.78% and a net margin of 9.40%.The firm had revenue of $19.99 billion for the quarter, compared to the consensus estimate of $18.85 billion. Analysts expect that Basf will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

BASFY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Basf in a report on Tuesday, May 5th. Morgan Stanley reiterated an "overweight" rating on shares of Basf in a research note on Tuesday, May 12th. Kepler Capital Markets upgraded shares of Basf from a "hold" rating to a "buy" rating in a report on Thursday, June 11th. Finally, Citigroup reissued a "buy" rating on shares of Basf in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Basf Company Profile

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.

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