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

Brenntag AG (OTCMKTS:BNTGY) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 5,748 shares, a decline of 66.1% from the May 14th total of 16,940 shares. Based on an average daily volume of 59,261 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Brenntag Trading Down 1.5%

OTCMKTS BNTGY traded down $0.19 on Friday, hitting $12.84. 1,498 shares of the company were exchanged, compared to its average volume of 46,801. The firm has a 50 day moving average of $13.68 and a two-hundred day moving average of $12.52. The company has a market cap of $9.27 billion, a P/E ratio of 34.70 and a beta of 0.64. Brenntag has a 1-year low of $10.19 and a 1-year high of $14.97.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.33 billion. Brenntag had a return on equity of 5.38% and a net margin of 1.55%. Research analysts anticipate that Brenntag will post 0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BNTGY. UBS Group upgraded shares of Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Jefferies Financial Group upgraded shares of Brenntag from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Morgan Stanley restated an “underweight” rating on shares of Brenntag in a research note on Friday, May 15th. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Brenntag presently has an average rating of “Reduce” and an average price target 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.