Short Interest in Brenntag AG (OTCMKTS:BNTGY) Decreases By 81.6%

Brenntag AG (OTCMKTS:BNTGY) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 2,347 shares, a decrease of 81.6% from the July 30th total of 12,781 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 24,155 shares, the days-to-cover ratio is currently 0.1 days.

Brenntag Trading Down 0.8%

BNTGY opened at $14.15 on Wednesday. The company has a market cap of $10.22 billion, a P/E ratio of 23.98 and a beta of 0.63. The business’s 50-day moving average price is $13.42 and its 200-day moving average price is $13.18. Brenntag has a 12 month low of $10.19 and a 12 month high of $14.97.

Brenntag (OTCMKTS:BNTGY) last released its earnings results on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.66 billion. Brenntag had a return on equity of 8.34% and a net margin of 2.41%. Equities research analysts forecast that Brenntag will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BNTGY shares. Morgan Stanley restated an “underweight” rating on shares of Brenntag in a research report on Friday, August 14th. Jefferies Financial Group upgraded shares of Brenntag from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 20th. DZ Bank raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft lowered shares of Brenntag from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, UBS Group raised shares of Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $12.80.

About Brenntag

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.