Brenntag AG (OTCMKTS:BNTGY) Sees Significant Increase in Short Interest

Brenntag AG (OTCMKTS:BNTGY) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 42,998 shares, a growth of 211.6% from the January 15th total of 13,797 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 43,890 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 43,890 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the shares of the stock are sold short.

Brenntag Stock Down 1.0%

Shares of OTCMKTS:BNTGY opened at $13.77 on Friday. The stock has a market cap of $9.94 billion, a PE ratio of 21.52 and a beta of 0.75. The company’s fifty day moving average is $11.95 and its 200 day moving average is $11.87. Brenntag has a 52 week low of $10.52 and a 52 week high of $14.82.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Brenntag had a net margin of 2.66% and a return on equity of 9.14%. Sell-side analysts anticipate that Brenntag will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

BNTGY has been the subject of a number of research analyst reports. Barclays upgraded Brenntag to a “hold” rating in a research report on Thursday, January 15th. Morgan Stanley downgraded shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Citigroup reissued a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. BNP Paribas Exane started coverage on shares of Brenntag in a report on Monday, October 20th. They issued a “neutral” rating and a $12.80 price target on the stock. Finally, Zacks Research raised Brenntag from a “strong sell” rating to a “hold” rating in a research note 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 company’s stock. Based on data from MarketBeat.com, Brenntag has a consensus rating of “Reduce” and a consensus price target 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.