Brenntag SE (OTCMKTS:BNTGY) Short Interest Up 4,176.7% in January

Brenntag SE (OTCMKTS:BNTGY) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 128,300 shares, an increase of 4,176.7% from the December 31st total of 3,000 shares. Based on an average daily volume of 376,200 shares, the days-to-cover ratio is presently 0.3 days.

Brenntag Trading Up 3.1 %

Shares of OTCMKTS:BNTGY traded up $0.39 during midday trading on Thursday, hitting $12.78. 41,460 shares of the stock were exchanged, compared to its average volume of 142,975. Brenntag has a twelve month low of $11.09 and a twelve month high of $18.72. The company has a 50 day moving average price of $12.21 and a 200-day moving average price of $13.30. The stock has a market cap of $9.23 billion, a P/E ratio of 15.78 and a beta of 1.12.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $4.47 billion for the quarter. Brenntag had a net margin of 3.36% and a return on equity of 12.24%. On average, equities research analysts expect that Brenntag will post 0.94 earnings per share for the current year.

Analysts Set New Price Targets

BNTGY has been the topic of a number of recent analyst reports. UBS Group downgraded shares of Brenntag from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Citigroup downgraded Brenntag from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Barclays raised Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, January 17th.

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.