Brenntag AG (OTCMKTS:BNTGY) Short Interest Update

Brenntag AG (OTCMKTS:BNTGY) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 21,822 shares, a growth of 179.4% from the June 30th total of 7,809 shares. Based on an average daily trading volume, of 79,932 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

A number of equities analysts have weighed in on BNTGY shares. UBS Group raised Brenntag from a “sell” rating to a “neutral” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft lowered shares of Brenntag from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research note on Friday, May 15th. Finally, Jefferies Financial Group upgraded Brenntag from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Brenntag currently has a consensus rating of “Reduce” and a consensus target price of $12.80.

Brenntag Price Performance

OTCMKTS:BNTGY opened at $13.78 on Wednesday. Brenntag has a one year low of $10.19 and a one year high of $14.97. The business has a fifty day moving average price of $12.95 and a 200-day moving average price of $12.84. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 37.25 and a beta of 0.65.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.33 billion. Brenntag had a net margin of 1.55% and a return on equity of 5.28%. On average, equities research 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.