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

Brenntag SE (OTCMKTS:BNTGY) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 23,500 shares, a decrease of 17.8% from the February 13th total of 28,600 shares. Based on an average trading volume of 75,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Brenntag Stock Down 1.7 %

Shares of Brenntag stock opened at $14.21 on Thursday. Brenntag has a 12-month low of $11.09 and a 12-month high of $17.39. The stock has a market cap of $10.26 billion, a P/E ratio of 17.54 and a beta of 1.08. The business’s 50 day moving average is $12.92 and its 200-day moving average is $13.11.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings data on Wednesday, March 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Brenntag had a return on equity of 12.24% and a net margin of 3.36%. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.84 billion. On average, sell-side analysts expect that Brenntag will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BNTGY. Barclays raised Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, January 17th. UBS Group downgraded Brenntag from a “strong-buy” rating to a “hold” rating in a research report 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.