Brenntag SE (OTCMKTS:BNTGF) Sees Large Decline in Short Interest

Brenntag SE (OTCMKTS:BNTGF) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 451,200 shares, a drop of 14.1% from the June 30th total of 525,000 shares. Based on an average daily volume of 500 shares, the short-interest ratio is currently 902.4 days.

Brenntag Stock Performance

Shares of BNTGF remained flat at $69.61 during midday trading on Monday. Brenntag has a 12-month low of $66.27 and a 12-month high of $90.00. The stock has a fifty day simple moving average of $70.32 and a 200-day simple moving average of $80.43.

Brenntag Company Profile

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.