Brenntag AG (OTCMKTS:BNTGY – Get Free Report) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 18,617 shares, a decrease of 59.0% from the February 12th total of 45,371 shares. Based on an average daily volume of 46,793 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 46,793 shares, the short-interest ratio is presently 0.4 days.
Wall Street Analyst Weigh In
A number of research firms have recently commented on BNTGY. Barclays upgraded Brenntag to a “hold” rating in a report on Thursday, January 15th. Citigroup restated a “neutral” rating on shares of Brenntag in a report on Friday, November 14th. Finally, Morgan Stanley downgraded shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $12.80.
Check Out Our Latest Report on Brenntag
Brenntag Stock Up 3.7%
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.
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