Brenntag AG (OTCMKTS:BNTGY) Sees Large Decrease in Short Interest

Brenntag AG (OTCMKTS:BNTGY) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 194 shares, a decline of 99.0% from the February 26th total of 18,617 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 222,740 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 222,740 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Brenntag Price Performance

Shares of Brenntag stock traded up $0.82 on Tuesday, hitting $12.72. 89,157 shares of the company’s stock traded hands, compared to its average volume of 49,249. The firm’s 50-day moving average price is $12.06 and its two-hundred day moving average price is $11.71. The stock has a market capitalization of $9.18 billion, a PE ratio of 31.02 and a beta of 0.75. Brenntag has a one year low of $10.19 and a one year high of $14.14.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings data on Thursday, March 12th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.28). The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.22 billion. Brenntag had a return on equity of 5.88% and a net margin of 1.71%. On average, analysts forecast that Brenntag will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BNTGY shares. Morgan Stanley cut Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Barclays upgraded shares of Brenntag to a “hold” rating in a research report on Thursday, January 15th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price 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.