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

Brenntag SE (OTCMKTS:BNTGY) was the recipient of a large decrease in short interest in 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 75,100 shares, the days-to-cover ratio is currently 0.3 days.

Brenntag Stock Performance

BNTGY opened at $14.21 on Thursday. The firm has a market cap of $10.26 billion, a P/E ratio of 17.54 and a beta of 1.08. Brenntag has a 52-week low of $11.09 and a 52-week high of $17.39. The business’s fifty day moving average is $12.92 and its 200-day moving average is $13.11.

Brenntag (OTCMKTS:BNTGY) last released its earnings results 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). The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.84 billion. Brenntag had a return on equity of 12.24% and a net margin of 3.36%. On average, research analysts predict that Brenntag will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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