Brenntag SE (OTCMKTS:BNTGY) Short Interest Down 99.5% in April

Brenntag SE (OTCMKTS:BNTGY) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 100 shares, a drop of 99.5% from the March 31st total of 21,100 shares. Based on an average daily volume of 152,400 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Brenntag Price Performance

Shares of OTCMKTS:BNTGY traded up $0.55 on Monday, reaching $13.20. 126,421 shares of the company traded hands, compared to its average volume of 85,070. Brenntag has a fifty-two week low of $11.09 and a fifty-two week high of $16.79. The stock has a market capitalization of $9.53 billion, a PE ratio of 16.30 and a beta of 1.02. The company’s 50 day moving average is $13.18 and its 200-day moving average is $12.80.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, January 17th. UBS Group cut Brenntag from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, DZ Bank upgraded shares of Brenntag from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 28th.

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.