Brenntag SE (OTCMKTS:BNTGY) Sees Large Drop in Short Interest

Brenntag SE (OTCMKTS:BNTGY) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 18,400 shares, a decline of 85.7% from the January 15th total of 128,300 shares. Based on an average daily volume of 171,300 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BNTGY. Citigroup downgraded Brenntag from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. UBS Group downgraded shares of Brenntag from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Barclays upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, January 17th.

Brenntag Stock Performance

BNTGY traded up $0.21 during mid-day trading on Wednesday, reaching $13.04. 62,544 shares of the stock were exchanged, compared to its average volume of 130,483. Brenntag has a 1 year low of $11.09 and a 1 year high of $18.72. The company has a 50 day moving average price of $12.19 and a two-hundred day moving average price of $13.20. The stock has a market capitalization of $9.41 billion, a PE ratio of 16.10 and a beta of 1.11.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.18 earnings per share for the quarter. Brenntag had a return on equity of 12.24% and a net margin of 3.36%. The business had revenue of $4.47 billion during the quarter. Sell-side analysts expect 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.