Short Interest in Brenntag SE (OTCMKTS:BNTGY) Decreases By 89.0%

Brenntag SE (OTCMKTS:BNTGY) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 3,000 shares, a decline of 89.0% from the December 15th total of 27,200 shares. Based on an average daily volume of 240,500 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered Brenntag from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

Brenntag Stock Performance

BNTGY stock traded down $0.15 during midday trading on Monday, reaching $11.34. 334,459 shares of the company were exchanged, compared to its average volume of 188,551. The stock’s 50-day simple moving average is $12.43 and its 200 day simple moving average is $13.47. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 14.00 and a beta of 1.12. Brenntag has a 1-year low of $11.19 and a 1-year high of $18.72.

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.