Brenntag AG (OTCMKTS:BNTGY) Short Interest Update

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

Analyst Upgrades and Downgrades

BNTGY has been the subject of several analyst reports. Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research report on Friday. DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. UBS Group raised Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $12.80.

Brenntag Price Performance

Shares of OTCMKTS BNTGY opened at $14.15 on Monday. Brenntag has a twelve month low of $10.19 and a twelve month high of $14.97. The firm has a fifty day simple moving average of $13.24 and a 200 day simple moving average of $13.08. The company has a market capitalization of $10.21 billion, a PE ratio of 23.98 and a beta of 0.62.

Brenntag (OTCMKTS:BNTGY) last released its earnings results on Wednesday, August 12th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.66 billion. Brenntag had a net margin of 2.41% and a return on equity of 8.34%. As a group, equities analysts expect that Brenntag will post 0.8 earnings per share for the current fiscal year.

Brenntag Company Profile

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.