Brenntag AG (OTCMKTS:BNTGY) Short Interest Down 66.1% in May

Brenntag AG (OTCMKTS:BNTGY) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 5,748 shares, a decline of 66.1% from the May 14th total of 16,940 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 59,261 shares, the days-to-cover ratio is currently 0.1 days.

Brenntag Stock Performance

BNTGY traded down $0.09 during mid-day trading on Friday, reaching $12.94. 26,815 shares of the stock were exchanged, compared to its average volume of 33,636. The stock has a market capitalization of $9.34 billion, a PE ratio of 34.97 and a beta of 0.64. The company has a 50 day moving average price of $13.67 and a two-hundred day moving average price of $12.52. Brenntag has a 1 year low of $10.19 and a 1 year high of $14.97.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Brenntag had a return on equity of 5.38% and a net margin of 1.55%. Sell-side analysts expect that Brenntag will post 0.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on BNTGY. Jefferies Financial Group upgraded shares of Brenntag from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a report on Friday, May 15th. Finally, UBS Group raised shares of Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Brenntag has an average rating of “Reduce” and a consensus target price 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.