Short Interest in Brenntag AG (OTCMKTS:BNTGY) Increases By 170.0%

Brenntag AG (OTCMKTS:BNTGY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 5,400 shares, a growth of 170.0% from the September 15th total of 2,000 shares. Based on an average daily trading volume, of 161,700 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 161,700 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BNTGY shares. UBS Group cut shares of Brenntag from a “hold” rating to a “sell” rating in a research note on Friday, October 10th. Berenberg Bank lowered shares of Brenntag from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Brenntag in a research report on Wednesday, September 24th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Brenntag Stock Performance

Shares of OTCMKTS BNTGY opened at $11.64 on Monday. The firm has a market capitalization of $8.40 billion, a P/E ratio of 18.19 and a beta of 0.85. Brenntag has a one year low of $10.93 and a one year high of $14.82. The company’s fifty day moving average is $12.09 and its two-hundred day moving average is $12.75.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.15). Brenntag had a return on equity of 9.19% and a net margin of 2.62%.The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.14 billion. On average, sell-side analysts forecast that Brenntag will post 0.9 earnings per share for the current fiscal year.

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.