Short Interest in Brenntag AG (OTCMKTS:BNTGY) Declines By 87.2%

Brenntag AG (OTCMKTS:BNTGY) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 9,014 shares, a decline of 87.2% from the December 15th total of 70,238 shares. Based on an average daily volume of 60,926 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 60,926 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

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

Brenntag Trading Down 0.3%

BNTGY stock traded down $0.03 during trading on Monday, hitting $11.56. The company had a trading volume of 23,725 shares, compared to its average volume of 26,015. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 18.06 and a beta of 0.75. The business has a 50 day moving average of $11.33 and a 200 day moving average of $11.98. Brenntag has a fifty-two week low of $10.52 and a fifty-two week high of $14.82.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly 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). Brenntag had a return on equity of 9.14% and a net margin of 2.66%.The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.32 billion. As a group, equities analysts predict that Brenntag will post 0.9 EPS for the current year.

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.