Short Interest in Brenntag SE (OTCMKTS:BNTGY) Decreases By 89.0%

Brenntag SE (OTCMKTS:BNTGY) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,000 shares, a drop of 89.0% from the December 31st total of 27,200 shares. Based on an average trading volume of 240,500 shares, the days-to-cover ratio is presently 0.0 days.

Brenntag Trading Down 0.6 %

OTCMKTS:BNTGY opened at $12.53 on Wednesday. The stock’s 50-day moving average is $12.21 and its 200-day moving average is $13.30. Brenntag has a 1-year low of $11.09 and a 1-year high of $18.72. The stock has a market cap of $9.05 billion, a P/E ratio of 14.31 and a beta of 1.12.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $4.47 billion during the quarter. Brenntag had a net margin of 3.36% and a return on equity of 12.24%. As a group, equities analysts forecast that Brenntag will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BNTGY shares. UBS Group downgraded Brenntag from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Barclays upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Citigroup cut Brenntag from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th.

Brenntag Company Profile

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.