Basf Se (OTCMKTS:BASFY) Short Interest Update

Basf Se (OTCMKTS:BASFY) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 36,500 shares, a decrease of 30.2% from the October 15th total of 52,300 shares. Based on an average daily volume of 285,200 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. UBS Group downgraded shares of Basf from a “buy” rating to a “neutral” rating in a report on Monday, October 14th. The Goldman Sachs Group raised shares of Basf from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group raised shares of Basf from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. began coverage on shares of Basf in a research report on Friday, October 11th. They issued a “neutral” rating for the company. Finally, Citigroup upgraded shares of Basf to a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Basf currently has an average rating of “Hold”.

Basf Stock Performance

BASFY traded up $0.22 during trading on Friday, reaching $11.37. The company had a trading volume of 307,356 shares, compared to its average volume of 147,787. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09. Basf has a 12 month low of $11.02 and a 12 month high of $14.89. The business’s fifty day moving average price is $12.38 and its 200 day moving average price is $12.36.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share for the quarter. Basf had a net margin of 0.78% and a return on equity of 6.53%. The firm had revenue of $17.30 billion for the quarter. As a group, sell-side analysts anticipate that Basf will post 0.9 EPS for the current year.

Basf Company Profile

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.