Brenntag AG (OTCMKTS:BNTGY) Shares Shorted: Short Interest Down 73.1% in September

Brenntag AG (OTCMKTS:BNTGY) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 2,751 shares, a decline of 73.1% from the August 31st total of 10,215 shares. Based on an average daily trading volume, of 21,540 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Brenntag Stock Up 1.6%

Shares of OTCMKTS:BNTGY opened at $13.56 on Friday. Brenntag has a 52-week low of $10.19 and a 52-week high of $14.97. The stock has a market cap of $9.79 billion, a P/E ratio of 22.98 and a beta of 0.63. The business has a fifty day moving average of $14.02 and a two-hundred day moving average of $13.39.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Brenntag had a net margin of 2.41% and a return on equity of 8.30%. On average, equities analysts anticipate that Brenntag will post 0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BNTGY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft downgraded Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. DZ Bank upgraded Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a report on Friday, August 14th. Eight research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $12.80.

About Brenntag

Brenntag SE is a Germany-based chemical distribution company that supplies industrial and specialty chemicals to customers in a broad range of industries. Its product portfolio includes solvents, acids, gases, solvents, additives, and other chemical raw materials used in sectors such as manufacturing, water treatment, food and nutrition, pharmaceuticals, personal care, agriculture, and energy.

The company operates through two principal business areas: Essentials, which focuses on widely used industrial chemicals, and Specialties, which provides higher-value chemicals and application-specific solutions.