Brenntag SE (OTCMKTS:BNTGY) Sees Significant Decrease in Short Interest

Brenntag SE (OTCMKTS:BNTGYGet Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 3,000 shares, a decrease of 89.0% from the December 15th total of 27,200 shares. Based on an average daily volume of 240,500 shares, the short-interest ratio is currently 0.0 days.

Brenntag Price Performance

OTCMKTS BNTGY opened at $11.34 on Tuesday. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 14.00 and a beta of 1.12. Brenntag has a 12 month low of $11.19 and a 12 month high of $18.72. The company’s fifty day moving average price is $12.43 and its two-hundred day moving average price is $13.47.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded Brenntag from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th.

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About Brenntag

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Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.

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