Basf Se (OTCMKTS:BASFY) Short Interest Down 37.7% in August

Key Points

• BASF’s short interest fell 37.7% in August to 31,616 shares, representing 0.0% of shares outstanding and just 0.1 days to cover.
• Analyst sentiment is positive, with an average “Moderate Buy” rating; Citigroup reiterated “Buy,” while Kepler Capital Markets upgraded the stock from “Hold” to “Buy.”
• BASF recently exceeded quarterly expectations, reporting $0.37 EPS versus $0.24 expected and $19.99 billion in revenue versus $18.85 billion forecast. Shares opened at $15.02, with a market capitalization of $53.62 billion.

Basf Se (OTCMKTS:BASFY - Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 31,616 shares, a decrease of 37.7% from the August 15th total of 50,729 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 348,280 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several brokerages have commented on BASFY. Citigroup restated a "buy" rating on shares of Basf in a report on Thursday, September 3rd. Kepler Capital Markets upgraded Basf from a "hold" rating to a "buy" rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Basf has an average rating of "Moderate Buy".

Basf Stock Down 0.9%

BASFY stock opened at $15.02 on Wednesday. The business has a 50 day moving average of $14.64 and a 200 day moving average of $14.62. The firm has a market cap of $53.62 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 1.11 and a beta of 0.74. Basf has a twelve month low of $11.93 and a twelve month high of $16.25. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.50.

Basf (OTCMKTS:BASFY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.13. The company had revenue of $19.99 billion for the quarter, compared to analysts' expectations of $18.85 billion. Basf had a net margin of 9.40% and a return on equity of 5.66%. On average, research analysts forecast that Basf will post 0.84 EPS for the current fiscal year.

About Basf

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen. Founded in 1865, the company develops and manufactures a broad range of chemicals and materials used by industrial, commercial and consumer customers worldwide. Its portfolio supports industries including automotive, construction, agriculture, electronics, energy, food and personal care.

BASF's products include basic and specialty chemicals, plastics and performance materials, coatings, catalysts, battery materials, ingredients for nutrition and personal care, and crop protection products and seeds.

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