Short Interest in Brenntag AG (OTCMKTS:BNTGY) Declines By 87.2%

Brenntag AG (OTCMKTS:BNTGY) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 9,014 shares, a drop of 87.2% from the December 15th total of 70,238 shares. Based on an average trading volume of 60,926 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 60,926 shares, the days-to-cover ratio is currently 0.1 days.

Brenntag Trading Down 0.3%

OTCMKTS:BNTGY traded down $0.03 on Monday, hitting $11.56. 23,725 shares of the stock were exchanged, compared to its average volume of 26,015. The stock has a fifty day moving average of $11.33 and a 200-day moving average of $11.98. The stock has a market cap of $8.35 billion, a PE ratio of 18.06 and a beta of 0.75. Brenntag has a fifty-two week low of $10.52 and a fifty-two week high of $14.82.

Brenntag (OTCMKTS:BNTGY) last issued its earnings results on Wednesday, November 12th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Brenntag had a return on equity of 9.14% and a net margin of 2.66%.The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.32 billion. As a group, analysts predict that Brenntag will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BNTGY shares. Citigroup reissued a “neutral” rating on shares of Brenntag in a report on Friday, November 14th. BNP Paribas initiated coverage on shares of Brenntag in a research note on Monday, October 20th. They set a “neutral” rating and a $12.80 price target on the stock. UBS Group lowered shares of Brenntag from a “hold” rating to a “sell” rating in a research report on Friday, October 10th. Zacks Research upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Brenntag in a research note on Wednesday, September 24th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $12.80.

Brenntag Company Profile

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.