Short Interest in Brenntag SE (OTCMKTS:BNTGY) Drops By 17.8%

Brenntag SE (OTCMKTS:BNTGY) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 23,500 shares, a decrease of 17.8% from the February 13th total of 28,600 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 75,100 shares, the days-to-cover ratio is presently 0.3 days.

Brenntag Price Performance

Shares of BNTGY opened at $14.45 on Wednesday. The company has a market capitalization of $10.43 billion, a PE ratio of 17.84 and a beta of 1.08. Brenntag has a one year low of $11.09 and a one year high of $17.39. The company’s fifty day moving average price is $12.87 and its 200 day moving average price is $13.10.

Brenntag (OTCMKTS:BNTGY) last announced its earnings results on Wednesday, March 12th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.84 billion. Brenntag had a return on equity of 12.24% and a net margin of 3.36%. Analysts anticipate that Brenntag will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. UBS Group downgraded shares of Brenntag from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Barclays upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, January 17th.

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.