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

Brenntag SE (OTCMKTS:BNTGY) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 12,800 shares, a decline of 45.5% from the February 28th total of 23,500 shares. Based on an average daily trading volume, of 151,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

BNTGY has been the subject of several research analyst reports. UBS Group downgraded Brenntag from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Barclays raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, January 17th.

Brenntag Trading Down 0.1 %

BNTGY stock traded down $0.01 during midday trading on Friday, reaching $13.41. The company had a trading volume of 14,733 shares, compared to its average volume of 92,625. The company has a 50 day moving average of $13.17 and a two-hundred day moving average of $13.08. The company has a market capitalization of $9.68 billion, a P/E ratio of 16.56 and a beta of 1.08. Brenntag has a 1 year low of $11.09 and a 1 year high of $16.89.

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 the consensus estimate of $0.21 by ($0.02). Brenntag had a return on equity of 12.24% and a net margin of 3.36%. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $3.84 billion. On average, sell-side analysts anticipate that Brenntag will post 0.9 earnings per share for the current year.

Brenntag Company Profile

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.