Brenntag AG (OTCMKTS:BNTGY) Short Interest Update

Brenntag AG (OTCMKTS:BNTGY) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 21,822 shares, an increase of 179.4% from the June 30th total of 7,809 shares. Based on an average daily volume of 79,932 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Brenntag from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research report on Friday, May 15th. Finally, UBS Group upgraded Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $12.80.

Brenntag Stock Performance

Shares of OTCMKTS:BNTGY opened at $13.45 on Tuesday. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 36.35 and a beta of 0.65. Brenntag has a 1-year low of $10.19 and a 1-year high of $14.97. The company has a 50 day moving average price of $12.95 and a 200 day moving average price of $12.83.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 1.55% and a return on equity of 5.28%. On average, sell-side analysts expect that Brenntag will post 0.8 EPS for the current fiscal year.

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.