Short Interest in Basf Se (OTCMKTS:BASFY) Grows By 388.7%

Key Points

• Short interest in BASF surged 388.7% to 50,729 shares as of August 14, up from 10,381 shares on July 30. Despite the increase, short interest represents 0.0% of shares outstanding, with a short-interest ratio of 0.4 days.
• BASF shares opened at $15.10 and were down 1.2%, while the company reported quarterly EPS of $0.37—beating the $0.24 analyst consensus—and revenue of $19.99 billion versus expectations of $18.85 billion.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating based on one Strong Buy, four Buys, three Holds and one Sell recommendation.

Basf Se (OTCMKTS:BASFY - Get Free Report) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 50,729 shares, a growth of 388.7% from the July 30th total of 10,381 shares. Based on an average daily volume of 136,272 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company's stock are short sold.

Basf Stock Down 1.2%

BASFY stock opened at $15.10 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $14.15 and a two-hundred day moving average price of $14.56. The company has a market cap of $53.91 billion, a price-to-earnings ratio of 7.78, a P/E/G ratio of 1.12 and a beta of 0.73. Basf has a twelve month low of $11.93 and a twelve month high of $16.25.

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 (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 return on equity of 5.78% and a net margin of 9.40%. Analysts anticipate that Basf will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Kepler Capital Markets upgraded shares of Basf from a "hold" rating to a "buy" rating in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Basf in a research note on Tuesday, May 5th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Basf in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average 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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