Brenntag AG (OTCMKTS:BNTGY) Short Interest Update

Brenntag AG (OTCMKTS:BNTGY) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 42,998 shares, an increase of 211.6% from the January 15th total of 13,797 shares. Based on an average daily volume of 43,890 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 43,890 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BNTGY. Zacks Research raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Citigroup restated a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. BNP Paribas Exane started coverage on Brenntag in a research report on Monday, October 20th. They issued a “neutral” rating and a $12.80 price target on the stock. Morgan Stanley lowered Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Finally, Barclays raised Brenntag to a “hold” rating in a research report on Thursday, January 15th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Brenntag currently has an average rating of “Reduce” and a consensus target price of $12.80.

Brenntag Stock Up 0.4%

Shares of BNTGY opened at $13.90 on Thursday. The company has a 50-day moving average price of $11.85 and a two-hundred day moving average price of $11.85. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 21.72 and a beta of 0.75. Brenntag has a 12 month low of $10.52 and a 12 month high of $14.82.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.32 billion. Brenntag had a net margin of 2.66% and a return on equity of 9.14%. Equities research analysts expect that Brenntag will post 0.9 EPS for the current fiscal year.

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.