Brenntag AG (OTCMKTS:BNTGY) Short Interest Update

Brenntag AG (OTCMKTS:BNTGY) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 12,781 shares, a decrease of 41.4% from the July 15th total of 21,822 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 52,119 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BNTGY shares. Jefferies Financial Group upgraded Brenntag from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 20th. UBS Group upgraded Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley reissued an “underweight” rating on shares of Brenntag in a report on Friday. Deutsche Bank Aktiengesellschaft lowered shares of Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, DZ Bank upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Eight 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.com, Brenntag has a consensus rating of “Reduce” and a consensus target price of $12.80.

Brenntag Price Performance

Shares of OTCMKTS BNTGY opened at $14.01 on Tuesday. Brenntag has a one year low of $10.19 and a one year high of $14.97. The business’s fifty day moving average price is $13.26 and its 200-day moving average price is $13.10. The stock has a market capitalization of $10.11 billion, a PE ratio of 23.75 and a beta of 0.62.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. Brenntag had a return on equity of 8.34% and a net margin of 2.41%.The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.66 billion. As a group, equities 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.