Brenntag AG (OTCMKTS:BNTGY) Short Interest Update

Brenntag AG (OTCMKTS:BNTGY) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 9,014 shares, a decrease 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 presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 60,926 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BNTGY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Brenntag in a research note on Wednesday, September 24th. BNP Paribas started coverage on Brenntag in a research note on Monday, October 20th. They issued a “neutral” rating and a $12.80 price target for the company. Citigroup reaffirmed a “neutral” rating on shares of Brenntag in a research report on Friday, November 14th. Morgan Stanley cut shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Finally, Zacks Research upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $12.80.

Brenntag Trading Down 0.3%

OTCMKTS BNTGY opened at $11.56 on Tuesday. Brenntag has a 1 year low of $10.52 and a 1 year high of $14.82. The company has a fifty day simple moving average of $11.35 and a 200 day simple moving average of $11.97. The company has a market cap of $8.35 billion, a P/E ratio of 18.06 and a beta of 0.75.

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

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.