Brenntag AG (OTCMKTS:BNTGY) Sees Significant Decrease in Short Interest

Brenntag AG (OTCMKTS:BNTGY) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,751 shares, a drop of 73.1% from the August 31st total of 10,215 shares. Based on an average daily volume of 21,540 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Brenntag Price Performance

Brenntag stock opened at $13.56 on Friday. The business has a 50 day simple moving average of $14.02 and a 200-day simple moving average of $13.39. Brenntag has a 12 month low of $10.19 and a 12 month high of $14.97. The stock has a market capitalization of $9.79 billion, a PE ratio of 22.98 and a beta of 0.63.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.66 billion. Brenntag had a net margin of 2.41% and a return on equity of 8.30%. As a group, equities research analysts anticipate that Brenntag will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BNTGY shares. Deutsche Bank Aktiengesellschaft lowered shares of Brenntag from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research note on Friday, August 14th. Finally, DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $12.80.

Brenntag Company Profile

Brenntag SE is a Germany-based chemical distribution company that supplies industrial and specialty chemicals to customers in a broad range of industries. Its product portfolio includes solvents, acids, gases, solvents, additives, and other chemical raw materials used in sectors such as manufacturing, water treatment, food and nutrition, pharmaceuticals, personal care, agriculture, and energy.

The company operates through two principal business areas: Essentials, which focuses on widely used industrial chemicals, and Specialties, which provides higher-value chemicals and application-specific solutions.