Brenntag AG (OTCMKTS:BNTGY) Short Interest Down 29.6% in October

Brenntag AG (OTCMKTS:BNTGY) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 3,800 shares, a drop of 29.6% from the September 30th total of 5,400 shares. Based on an average daily trading volume, of 86,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 86,000 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Brenntag in a research report on Wednesday, September 24th. UBS Group lowered Brenntag from a “hold” rating to a “sell” rating in a research report on Friday, October 10th. BNP Paribas started coverage on shares of Brenntag in a report on Monday, October 20th. They issued a “neutral” rating and a $12.80 price target on the stock. Finally, Zacks Research upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Six investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $12.80.

Brenntag Stock Performance

BNTGY stock opened at $10.74 on Wednesday. The stock has a fifty day moving average of $11.77 and a 200-day moving average of $12.67. Brenntag has a fifty-two week low of $10.67 and a fifty-two week high of $14.82. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 16.78 and a beta of 0.85.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.15). Brenntag had a net margin of 2.62% and a return on equity of 9.19%. The business had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Equities 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.