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

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, January 17th. UBS Group downgraded Brenntag from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Citigroup downgraded Brenntag from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th.

Brenntag Price Performance

BNTGY traded down $0.07 during trading on Tuesday, hitting $12.53. The stock had a trading volume of 87,318 shares, compared to its average volume of 156,395. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 15.47 and a beta of 1.12. The company has a 50 day moving average price of $12.21 and a 200-day moving average price of $13.30. Brenntag has a one year low of $11.09 and a one year high of $18.72.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.18 EPS for the quarter. Brenntag had a return on equity of 12.24% and a net margin of 3.36%. The company had revenue of $4.47 billion during the quarter. As a group, sell-side analysts predict that Brenntag will post 0.94 EPS for the current fiscal year.

About Brenntag

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.