Short Interest in Basf Se (OTCMKTS:BASFY) Decreases By 20.8%

Basf Se (OTCMKTS:BASFY) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 28,900 shares, a drop of 20.8% from the October 31st total of 36,500 shares. Based on an average trading volume of 410,000 shares, the days-to-cover ratio is currently 0.1 days.

Basf Stock Performance

Shares of OTCMKTS:BASFY traded up $0.19 on Friday, hitting $11.20. 114,524 shares of the company were exchanged, compared to its average volume of 256,963. Basf has a 1-year low of $10.95 and a 1-year high of $14.89. The stock’s 50 day moving average price is $12.16 and its 200 day moving average price is $12.21. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49.

Basf (OTCMKTS:BASFY) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. Basf had a net margin of 0.78% and a return on equity of 6.53%. The business had revenue of $17.30 billion for the quarter. Equities analysts expect that Basf will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

BASFY has been the subject of a number of research analyst reports. Citigroup raised Basf to a “hold” rating in a research note on Wednesday, October 9th. UBS Group lowered shares of Basf from a “buy” rating to a “neutral” rating in a report on Monday, October 14th. The Goldman Sachs Group upgraded shares of Basf from a “neutral” rating to a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. started coverage on shares of Basf in a research note on Friday, October 11th. They set a “neutral” rating for the company. Finally, Jefferies Financial Group raised Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Basf presently has an average rating of “Moderate Buy”.

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.