Basf Se (OTCMKTS:BASFY) Stock Short Interest Jumps 441.0%

Basf Se (OTCMKTS:BASFY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 96,531 shares, a growth of 441.0% from the September 30th total of 17,842 shares. Based on an average daily volume of 273,113 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BASFY shares. Citigroup reaffirmed a “buy” rating on shares of Basf in a report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft cut shares of Basf from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Basf Stock Performance

Shares of BASFY stock opened at $14.77 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $14.85 and a two-hundred day moving average of $14.53. Basf has a 52 week low of $11.93 and a 52 week high of $16.25. The company has a market cap of $52.73 billion, a P/E ratio of 7.61, a PEG ratio of 1.20 and a beta of 0.76.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Wednesday, October 28th. The basic materials company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The business had revenue of $18.20 billion for the quarter, compared to analysts’ expectations of $18.03 billion. Basf had a return on equity of 5.66% and a net margin of 9.40%. As a group, analysts anticipate that Basf will post 0.82 EPS for the current year.

About Basf

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen, Germany. Founded in 1865, the company develops, manufactures and markets a broad range of chemicals, materials and solutions for industrial, agricultural and consumer applications. Its products are used in areas including transportation, construction, electronics, packaging, food and personal care.

BASF’s business includes chemicals and intermediates, performance materials, coatings, catalysts, battery materials, agricultural products, nutrition and care ingredients, and industrial solutions.