Short Interest in Brenntag AG (OTCMKTS:BNTGY) Rises By 53.1%

Brenntag AG (OTCMKTS:BNTGY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 13,797 shares, a growth of 53.1% from the December 31st total of 9,014 shares. Based on an average trading volume of 48,079 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 48,079 shares, the days-to-cover ratio is presently 0.3 days.

Brenntag Stock Up 1.7%

OTCMKTS BNTGY opened at $12.18 on Friday. Brenntag has a twelve month low of $10.52 and a twelve month high of $14.82. The stock has a market cap of $8.79 billion, a P/E ratio of 19.03 and a beta of 0.75. The company’s 50-day simple moving average is $11.58 and its 200 day simple moving average is $11.86.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Brenntag had a return on equity of 9.14% and a net margin of 2.66%.The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.32 billion. Research analysts anticipate that Brenntag will post 0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BNTGY. Zacks Research raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Morgan Stanley cut shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. UBS Group lowered Brenntag from a “hold” rating to a “sell” rating in a research note on Friday, October 10th. BNP Paribas Exane assumed coverage on Brenntag in a report on Monday, October 20th. They issued a “neutral” rating and a $12.80 price target for the company. Finally, Citigroup reiterated a “neutral” rating on shares of Brenntag in a research report on Friday, November 14th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price 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.