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

Brenntag AG (OTCMKTS:BNTGY) was the recipient of a significant decline in short interest during the month of 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 60,926 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 60,926 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Brenntag Stock Up 1.2%

OTCMKTS:BNTGY opened at $11.70 on Wednesday. Brenntag has a twelve month low of $10.52 and a twelve month high of $14.82. The company has a fifty day moving average of $11.36 and a 200-day moving average of $11.96. The firm has a market capitalization of $8.45 billion, a P/E ratio of 18.29 and a beta of 0.75.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.18 EPS 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. On average, analysts anticipate that Brenntag will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BNTGY shares. UBS Group downgraded Brenntag from a “hold” rating to a “sell” rating in a report on Friday, October 10th. Zacks Research raised Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Morgan Stanley cut Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. BNP Paribas initiated coverage on shares of Brenntag in a report on Monday, October 20th. They issued a “neutral” rating and a $12.80 price objective for the company. Finally, Citigroup reissued a “neutral” rating on shares of Brenntag in a report on Friday, November 14th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.80.

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.