Brenntag AG (OTCMKTS:BNTGY) Short Interest Update

Brenntag AG (OTCMKTS:BNTGY) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 2,347 shares, a drop of 81.6% from the July 30th total of 12,781 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 24,155 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

A number of brokerages recently issued reports on BNTGY. Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft downgraded Brenntag from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. DZ Bank upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, UBS Group upgraded shares of Brenntag from a “sell” rating to a “neutral” rating in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $12.80.

Brenntag Trading Down 0.6%

Shares of BNTGY stock opened at $14.06 on Thursday. The business’s 50 day moving average is $13.45 and its two-hundred day moving average is $13.18. Brenntag has a twelve month low of $10.19 and a twelve month high of $14.97. The company has a market capitalization of $10.15 billion, a P/E ratio of 23.83 and a beta of 0.63.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.66 billion. Brenntag had a return on equity of 8.34% and a net margin of 2.41%. As a group, equities analysts predict that Brenntag will post 0.8 earnings per share for the current fiscal year.

About Brenntag

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.