Basf Se (OTCMKTS:BASFY) Sees Large Decline in Short Interest

Basf Se (OTCMKTS:BASFY) saw a significant decrease in short interest during 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 trading volume, of 285,200 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

BASFY has been the topic of a number of research reports. JPMorgan Chase & Co. assumed coverage on Basf in a research note on Friday, October 11th. They issued a “neutral” rating on the stock. UBS Group downgraded Basf from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. Jefferies Financial Group upgraded Basf from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup upgraded shares of Basf to a “hold” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group raised shares of Basf from a “neutral” rating to a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Basf Stock Up 0.2 %

BASFY traded up $0.02 on Friday, hitting $11.15. The company had a trading volume of 243,853 shares, compared to its average volume of 170,621. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.09 and a quick ratio of 1.23. Basf has a 12-month low of $11.02 and a 12-month high of $14.89. The stock has a fifty day moving average price of $12.39 and a 200-day moving average price of $12.37.

Basf (OTCMKTS:BASFY) last released its 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 company had revenue of $17.30 billion for the quarter. On average, equities research analysts forecast 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.