Short Interest in Brenntag SE (OTCMKTS:BNTGY) Declines By 89.0%

Brenntag SE (OTCMKTS:BNTGY) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 3,000 shares, a decline of 89.0% from the December 31st total of 27,200 shares. Based on an average trading volume of 240,500 shares, the days-to-cover ratio is presently 0.0 days.

Brenntag Trading Down 0.6 %

Brenntag stock traded down $0.07 during trading hours on Tuesday, reaching $12.53. 87,318 shares of the company were exchanged, compared to its average volume of 156,395. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 15.47 and a beta of 1.12. The stock has a 50-day moving average of $12.21 and a 200 day moving average of $13.30. Brenntag has a 12 month low of $11.09 and a 12 month high of $18.72.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $4.47 billion during the quarter. Brenntag had a return on equity of 12.24% and a net margin of 3.36%. As a group, research analysts forecast that Brenntag will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

BNTGY has been the topic of several recent analyst reports. Barclays upgraded Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, January 17th. UBS Group downgraded Brenntag from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Citigroup downgraded Brenntag from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th.

About Brenntag

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.