Brenntag AG (OTCMKTS:BNTGY) Short Interest Update

Brenntag AG (OTCMKTS:BNTGY) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 5,400 shares, a growth of 170.0% from the September 15th total of 2,000 shares. Based on an average daily volume of 161,700 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 161,700 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Brenntag in a report on Wednesday, September 24th. BNP Paribas assumed coverage on Brenntag in a report on Monday. They set a “neutral” rating and a $12.80 price objective on the stock. UBS Group cut Brenntag from a “hold” rating to a “sell” rating in a report on Friday, October 10th. Finally, Berenberg Bank cut Brenntag from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Brenntag currently has an average rating of “Reduce” and a consensus price target of $12.80.

Brenntag Trading Up 0.3%

Shares of Brenntag stock opened at $11.67 on Tuesday. Brenntag has a twelve month low of $10.93 and a twelve month high of $14.82. The stock has a market capitalization of $8.42 billion, a P/E ratio of 18.23 and a beta of 0.85. The business’s fifty day moving average price is $12.07 and its 200 day moving average price is $12.75.

Brenntag (OTCMKTS:BNTGY) last issued its earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15). Brenntag had a net margin of 2.62% and a return on equity of 9.19%. The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.14 billion. As a group, sell-side analysts predict that Brenntag will post 0.9 EPS for the current 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.