Brenntag SE (OTCMKTS:BNTGY) Short Interest Down 85.7% in January

Brenntag SE (OTCMKTS:BNTGY) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 18,400 shares, a decrease of 85.7% from the January 15th total of 128,300 shares. Based on an average daily trading volume, of 171,300 shares, the days-to-cover ratio is currently 0.1 days.

Brenntag Stock Performance

Shares of OTCMKTS BNTGY traded up $0.21 during mid-day trading on Wednesday, reaching $13.04. The company had a trading volume of 62,544 shares, compared to its average volume of 130,483. Brenntag has a 12-month low of $11.09 and a 12-month high of $18.72. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 16.10 and a beta of 1.11. The stock has a fifty day moving average of $12.19 and a two-hundred day moving average of $13.20.

Brenntag (OTCMKTS:BNTGY) last released its earnings results on Tuesday, November 12th. The company reported $0.18 EPS for the quarter. The firm had revenue of $4.47 billion during the quarter. Brenntag had a net margin of 3.36% and a return on equity of 12.24%. Sell-side analysts forecast that Brenntag will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Brenntag Company Profile

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.