Short Interest in Brenntag SE (OTCMKTS:BNTGY) Drops By 17.8%

Brenntag SE (OTCMKTS:BNTGY) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 23,500 shares, a drop of 17.8% from the February 13th total of 28,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 75,100 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

BNTGY has been the subject of several recent analyst reports. Barclays upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, January 17th. UBS Group cut shares of Brenntag from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th.

Brenntag Stock Performance

Shares of OTCMKTS:BNTGY opened at $14.45 on Wednesday. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 17.84 and a beta of 1.08. Brenntag has a 1-year low of $11.09 and a 1-year high of $17.39. The company has a 50 day moving average price of $12.87 and a 200 day moving average price of $13.10.

Brenntag (OTCMKTS:BNTGY) last issued its earnings results on Wednesday, March 12th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Brenntag had a return on equity of 12.24% and a net margin of 3.36%. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.84 billion. On average, sell-side analysts expect that Brenntag will post 0.9 EPS for the current fiscal year.

About Brenntag

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.