Short Interest in Basf Se (OTCMKTS:BASFY) Expands By 900.0%

Basf Se (OTCMKTS:BASFY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 9,000 shares, an increase of 900.0% from the May 31st total of 900 shares. Based on an average daily volume of 208,400 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BASFY. Redburn Atlantic upgraded Basf from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. BNP Paribas reissued an “underperform” rating on shares of Basf in a report on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Basf Price Performance

BASFY traded up $0.06 on Thursday, hitting $12.11. 106,199 shares of the company were exchanged, compared to its average volume of 137,450. Basf has a fifty-two week low of $10.66 and a fifty-two week high of $14.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09. The business’s fifty day moving average is $12.94 and its 200 day moving average is $12.99. The firm has a market capitalization of $43.81 billion, a P/E ratio of 1,205.50, a price-to-earnings-growth ratio of 0.99 and a beta of 1.24.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.46 earnings per share for the quarter. Basf had a return on equity of 5.85% and a net margin of 0.07%. The company had revenue of $19.06 billion during the quarter. As a group, sell-side analysts anticipate that Basf will post 0.87 EPS for the current year.

Basf Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 10th. Shareholders of record on Monday, April 29th were paid a $0.6594 dividend. This is a boost from Basf’s previous dividend of $0.64. The ex-dividend date was Friday, April 26th. Basf’s payout ratio is presently 6,500.00%.

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.