Short Interest in Basf Se (OTCMKTS:BASFY) Grows By 49.0%

Basf Se (OTCMKTS:BASFY - Get Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 192,500 shares, a growth of 49.0% from the March 31st total of 129,200 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 686,900 shares, the short-interest ratio is presently 0.3 days.

Basf Price Performance

Shares of Basf stock opened at $12.91 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.03 and a current ratio of 1.87. The stock has a market capitalization of $46.09 billion, a price-to-earnings ratio of 80.69, a price-to-earnings-growth ratio of 2.30 and a beta of 1.09. The company has a fifty day moving average of $12.82 and a 200-day moving average of $12.09. Basf has a 52-week low of $10.57 and a 52-week high of $14.76.

Basf (OTCMKTS:BASFY - Get Free Report) last released its earnings results on Friday, February 28th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.05. The company had revenue of $16.92 billion during the quarter, compared to analyst estimates of $15.72 billion. Basf had a return on equity of 6.63% and a net margin of 0.78%. Equities research analysts expect that Basf will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

BASFY has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut Basf from a "neutral" rating to an "underweight" rating in a research report on Thursday, March 27th. Berenberg Bank cut shares of Basf from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Basf in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

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.

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