Brenntag SE (OTCMKTS:BNTGY) Short Interest Down 85.7% in January

Brenntag SE (OTCMKTS:BNTGY) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 18,400 shares, a drop of 85.7% from the January 15th total of 128,300 shares. Based on an average trading volume of 171,300 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup downgraded shares of Brenntag from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. UBS Group cut Brenntag from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Barclays raised Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, January 17th.

Brenntag Stock Up 3.2 %

BNTGY traded up $0.41 on Thursday, reaching $13.45. 33,496 shares of the company traded hands, compared to its average volume of 126,921. The company has a market cap of $9.71 billion, a P/E ratio of 16.61 and a beta of 1.11. Brenntag has a one year low of $11.09 and a one year high of $18.72. The firm has a fifty day simple moving average of $12.20 and a two-hundred day simple moving average of $13.20.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.18 earnings per share (EPS) for the quarter. Brenntag had a return on equity of 12.24% and a net margin of 3.36%. The firm had revenue of $4.47 billion during the quarter. On average, equities analysts forecast that Brenntag will post 0.94 earnings per share for the current year.

Brenntag Company Profile

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.