Brenntag AG (OTCMKTS:BNTGY) Stock Short Interest Climbs 336.4%

Brenntag AG (OTCMKTS:BNTGY) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 49,671 shares, a growth of 336.4% from the September 30th total of 11,381 shares. Based on an average daily volume of 45,147 shares, the short-interest ratio is currently 1.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of research firms have commented on BNTGY. DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Morgan Stanley reissued an “underweight” rating on shares of Brenntag in a report on Friday, August 14th. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Brenntag currently has a consensus rating of “Reduce”.

Brenntag Price Performance

Shares of Brenntag stock opened at $13.95 on Wednesday. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 23.65 and a beta of 0.62. Brenntag has a one year low of $10.19 and a one year high of $14.97. The stock’s 50-day moving average is $13.93 and its 200-day moving average is $13.22.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.66 billion. On average, equities analysts expect that Brenntag will post 0.85 EPS for the current year.

About Brenntag

Brenntag SE is a Germany-based global distributor of chemicals and related ingredients. The company supplies a broad portfolio of industrial and specialty chemicals to customers in industries such as water treatment, agriculture, food and nutrition, pharmaceuticals, personal care, coatings, and energy.

In addition to sourcing and distributing chemical products, Brenntag provides services that support customers and suppliers throughout the supply chain. These services include storage, transportation, blending and mixing, formulation, packaging, technical support, regulatory assistance, and other customized supply-chain solutions.

Founded in Berlin in 1874, Brenntag has developed into an international chemical distribution business serving customers across Europe, North and Latin America, Asia-Pacific, and other global markets.