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

Brenntag AG (OTCMKTS:BNTGY) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 11,425 shares, a decline of 77.0% from the October 15th total of 49,671 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 30,990 shares, the days-to-cover ratio is presently 0.4 days.

Brenntag Price Performance

Shares of OTCMKTS:BNTGY opened at $12.91 on Friday. The stock has a market capitalization of $9.32 billion, a P/E ratio of 21.16 and a beta of 0.61. The business has a 50-day moving average of $13.81 and a two-hundred day moving average of $13.35. Brenntag has a fifty-two week low of $10.19 and a fifty-two week high of $14.97.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings data on Wednesday, November 11th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Brenntag had a net margin of 2.42% and a return on equity of 8.59%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.70 billion. As a group, research analysts expect that Brenntag will post 0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley reissued an “underweight” rating on shares of Brenntag in a research report on Friday, August 14th. DZ Bank upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Brenntag currently has an average rating of “Reduce”.

About Brenntag

Brenntag is a global distributor of chemicals and ingredients, connecting chemical manufacturers with customers across a broad range of industries. The company supplies both industrial and specialty products and provides services such as blending, mixing, packaging, and product formulation. Its offerings support applications in sectors including manufacturing, food and nutrition, pharmaceuticals, personal care, and water treatment. Brenntag also provides logistics, supply-chain management, and technical support to help customers source and use chemical products.