Basf Se (OTCMKTS:BASFY) Sees Significant Growth in Short Interest

Basf Se (OTCMKTS:BASFY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 44,800 shares, an increase of 227.0% from the August 15th total of 13,700 shares. Based on an average trading volume of 246,200 shares, the short-interest ratio is presently 0.2 days.

Basf Price Performance

OTCMKTS BASFY traded up $0.20 during mid-day trading on Friday, hitting $12.06. The stock had a trading volume of 89,640 shares, compared to its average volume of 145,178. Basf has a 52-week low of $10.66 and a 52-week high of $14.89. The company has a market cap of $43.63 billion, a price-to-earnings ratio of 1,206.00, a P/E/G ratio of 1.12 and a beta of 1.22. The company has a 50 day simple moving average of $11.94 and a 200 day simple moving average of $12.77. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 0.49.

Basf (OTCMKTS:BASFY) last announced its earnings results on Friday, July 26th. The basic materials company reported $0.25 EPS for the quarter. The firm had revenue of $17.34 billion for the quarter. Basf had a positive return on equity of 6.36% and a negative net margin of 0.04%. Equities analysts forecast that Basf will post 0.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised Basf to a “strong-buy” rating in a research note on Friday, June 28th. Three analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Basf 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.