Brenntag AG (OTCMKTS:BNTGY) Short Interest Up 335.2% in August

Brenntag AG (OTCMKTS:BNTGY) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 10,215 shares, a growth of 335.2% from the August 15th total of 2,347 shares. Based on an average trading volume of 19,128 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Brenntag Stock Down 1.0%

OTCMKTS BNTGY opened at $13.95 on Friday. Brenntag has a twelve month low of $10.19 and a twelve month high of $14.97. The business has a 50-day moving average price of $13.89 and a 200-day moving average price of $13.25. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 23.64 and a beta of 0.63.

Brenntag (OTCMKTS:BNTGY) last issued 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. Brenntag had a return on equity of 8.34% and a net margin of 2.41%.The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.66 billion. Research analysts expect that Brenntag will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BNTGY shares. Jefferies Financial Group upgraded shares of Brenntag from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research report on Friday, August 14th. DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft cut Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $12.80.

Brenntag Company Profile

Brenntag SE is a Germany-based chemical distribution company that supplies industrial and specialty chemicals to customers in a broad range of industries. Its product portfolio includes solvents, acids, gases, solvents, additives, and other chemical raw materials used in sectors such as manufacturing, water treatment, food and nutrition, pharmaceuticals, personal care, agriculture, and energy.

The company operates through two principal business areas: Essentials, which focuses on widely used industrial chemicals, and Specialties, which provides higher-value chemicals and application-specific solutions.