Basf Se (OTCMKTS:BASFY) Short Interest Update

Key Points

• BASF’s short interest surged 183.8% to 89,736 shares as of September 15, up from 31,616 shares on August 31. Short interest represents approximately 0.0% of shares outstanding, with a days-to-cover ratio of 0.5.
• The stock opened at $14.43, down 3.1%, with a market capitalization of $51.52 billion and a 12-month trading range of $11.93 to $16.25.
• BASF exceeded quarterly expectations, reporting $0.37 in earnings per share versus the $0.24 consensus estimate and revenue of $19.99 billion. Analysts maintain a “Moderate Buy” consensus rating, including one Strong Buy, four Buys, three Holds, and one Sell.

Basf Se (OTCMKTS:BASFY - Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 89,736 shares, a growth of 183.8% from the August 31st total of 31,616 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 165,692 shares, the days-to-cover ratio is currently 0.5 days.

Basf Trading Down 3.1%

OTCMKTS BASFY opened at $14.43 on Friday. The company has a fifty day simple moving average of $14.82 and a two-hundred day simple moving average of $14.68. The stock has a market cap of $51.52 billion, a P/E ratio of 7.44, a P/E/G ratio of 1.20 and a beta of 0.74. Basf has a 12-month low of $11.93 and a 12-month high of $16.25. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.50.

Basf (OTCMKTS:BASFY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.13. Basf had a net margin of 9.40% and a return on equity of 5.66%. The firm had revenue of $19.99 billion for the quarter, compared to analyst estimates of $18.85 billion. On average, analysts forecast that Basf will post 0.82 earnings per share for the current year.

Analysts Set New Price Targets

BASFY has been the topic of several recent analyst reports. Kepler Capital Markets raised Basf from a "hold" rating to a "buy" rating in a research report on Thursday, June 11th. Citigroup reissued a "buy" rating on shares of Basf in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

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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