Brenntag AG (OTCMKTS:BNTGY) Shares Shorted: Short Interest Down 77.0% in October

Brenntag AG (OTCMKTS:BNTGY) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 11,425 shares, a decrease of 77.0% from the October 15th total of 49,671 shares. Based on an average trading volume of 30,990 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BNTGY shares. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research note on Friday, August 14th. DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Brenntag Stock Down 4.7%

OTCMKTS BNTGY opened at $12.62 on Friday. Brenntag has a 52 week low of $10.19 and a 52 week high of $14.97. The firm has a 50 day moving average of $13.83 and a two-hundred day moving average of $13.34. The stock has a market capitalization of $9.11 billion, a PE ratio of 20.69 and a beta of 0.61.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings data on Wednesday, November 11th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.70 billion. Brenntag had a net margin of 2.42% and a return on equity of 8.59%. On average, equities research analysts expect that Brenntag will post 0.85 earnings per share for the current fiscal year.

About Brenntag

Brenntag is a global distributor of chemicals and ingredients, connecting chemical manufacturers with customers across a broad range of industries. The company supplies both industrial and specialty products and provides services such as blending, mixing, packaging, and product formulation. Its offerings support applications in sectors including manufacturing, food and nutrition, pharmaceuticals, personal care, and water treatment. Brenntag also provides logistics, supply-chain management, and technical support to help customers source and use chemical products.