Brenntag AG (OTCMKTS:BNTGY – Get Free Report) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 18,617 shares, a drop of 59.0% from the February 12th total of 45,371 shares. Based on an average daily volume of 46,793 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 46,793 shares, the days-to-cover ratio is presently 0.4 days.
Brenntag Price Performance
BNTGY opened at $10.40 on Wednesday. The firm has a fifty day moving average price of $12.12 and a 200 day moving average price of $11.78. Brenntag has a 1 year low of $10.19 and a 1 year high of $14.50. The stock has a market cap of $7.51 billion, a P/E ratio of 16.25 and a beta of 0.75.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on BNTGY shares. Citigroup reaffirmed a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. Morgan Stanley downgraded shares of Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Finally, Barclays upgraded shares of Brenntag to a “hold” rating in a research report on Thursday, January 15th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average 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.
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