Brenntag SE (OTCMKTS:BNTGY) Short Interest Down 67.0% in May

Brenntag SE (OTCMKTS:BNTGYGet Rating) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 3,700 shares, a drop of 67.0% from the April 30th total of 11,200 shares. Based on an average daily trading volume, of 207,600 shares, the days-to-cover ratio is currently 0.0 days.

Shares of OTCMKTS BNTGY opened at $15.10 on Thursday. The company’s 50-day simple moving average is $15.53 and its 200-day simple moving average is $16.63. Brenntag has a 52-week low of $13.79 and a 52-week high of $20.99. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 21.88 and a beta of 1.32.

Brenntag (OTCMKTS:BNTGYGet Rating) last posted its quarterly earnings results on Wednesday, March 9th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $4.78 billion for the quarter. Brenntag had a net margin of 3.12% and a return on equity of 11.62%. Equities analysts expect that Brenntag will post 1.09 EPS for the current fiscal year.

Several analysts recently commented on the stock. Credit Suisse Group dropped their price target on shares of Brenntag from €100.00 ($106.38) to €90.00 ($95.74) and set an “outperform” rating on the stock in a research report on Monday, March 14th. Zacks Investment Research upgraded shares of Brenntag from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $54.50.

About Brenntag (Get Rating)

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company operates through the divisions Brenntag Essentials and Brenntag Specialties. It provides value-added services, such as just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling, as well as technical and laboratory services for specialty chemicals.

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