Short Interest in Brenntag SE (OTCMKTS:BNTGY) Declines By 85.7%

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BNTGY shares. Citigroup lowered shares of Brenntag from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. UBS Group cut Brenntag from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Barclays raised Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, January 17th.

Brenntag Trading Up 3.2 %

OTCMKTS:BNTGY traded up $0.41 during mid-day trading on Friday, hitting $13.45. The company had a trading volume of 33,496 shares, compared to its average volume of 140,762. Brenntag has a 1 year low of $11.09 and a 1 year high of $18.72. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 16.61 and a beta of 1.11. The business has a fifty day simple moving average of $12.21 and a 200-day simple moving average of $13.20.

Brenntag (OTCMKTS:BNTGY) last announced its 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 firm had revenue of $4.47 billion for the quarter. As a group, research analysts anticipate that Brenntag will post 0.94 earnings per share for the current 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.