Brenntag SE (OTCMKTS:BNTGY) Short Interest Down 45.5% in March

Brenntag SE (OTCMKTS:BNTGY) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 12,800 shares, a decrease of 45.5% from the February 28th total of 23,500 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 151,200 shares, the short-interest ratio is presently 0.1 days.

Brenntag Stock Down 0.4 %

Shares of Brenntag stock traded down $0.06 during trading on Friday, hitting $13.35. 14,305 shares of the company were exchanged, compared to its average volume of 91,274. Brenntag has a fifty-two week low of $11.09 and a fifty-two week high of $16.82. The firm has a 50 day moving average price of $13.21 and a 200 day moving average price of $13.07. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of 16.48 and a beta of 1.08.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.84 billion. Brenntag had a return on equity of 12.24% and a net margin of 3.36%. Analysts predict that Brenntag will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays raised Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, January 17th. UBS Group downgraded Brenntag from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th.

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.