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

Basf Se (OTCMKTS:BASFY) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 147,542 shares, an increase of 25.9% from the December 31st total of 117,185 shares. Based on an average daily trading volume, of 201,465 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 201,465 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BASFY shares. Zacks Research lowered shares of Basf from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. DZ Bank cut shares of Basf from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft lowered Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Citigroup assumed coverage on Basf in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Berenberg Bank downgraded Basf from a “hold” rating to a “sell” rating in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Basf Trading Up 1.4%

Shares of Basf stock opened at $13.97 on Wednesday. Basf has a 12 month low of $10.75 and a 12 month high of $14.76. The company has a quick ratio of 1.01, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $13.07 and its 200 day simple moving average is $12.88.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.