Brenntag AG (OTCMKTS:BNTGY) Sees Large Increase in Short Interest

Brenntag AG (OTCMKTS:BNTGY) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 48,877 shares, a growth of 25,094.3% from the March 15th total of 194 shares. Based on an average daily volume of 140,322 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Brenntag Stock Down 1.4%

BNTGY opened at $13.62 on Friday. Brenntag has a 52-week low of $10.19 and a 52-week high of $14.14. The firm has a market capitalization of $9.83 billion, a P/E ratio of 33.22 and a beta of 0.66. The firm’s 50 day moving average is $12.44 and its 200-day moving average is $11.83.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings results on Thursday, March 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.28). The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.22 billion. Brenntag had a return on equity of 5.88% and a net margin of 1.71%. Equities analysts expect that Brenntag will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BNTGY. Barclays raised shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Morgan Stanley cut shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus 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.