Brenntag AG (OTCMKTS:BNTGY) Sees Large Decline in Short Interest

Brenntag AG (OTCMKTS:BNTGYGet Free Report) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 18,617 shares, a drop of 59.0% from the February 12th total of 45,371 shares. Based on an average trading volume of 46,793 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 46,793 shares, the short-interest ratio is currently 0.4 days.

Brenntag Stock Up 3.5%

Shares of BNTGY stock opened at $11.17 on Friday. Brenntag has a 12 month low of $10.19 and a 12 month high of $14.50. The company’s fifty day simple moving average is $12.10 and its 200-day simple moving average is $11.77. The firm has a market cap of $8.06 billion, a PE ratio of 17.45 and a beta of 0.75.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays raised shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Morgan Stanley downgraded Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Brenntag in a research report on Friday, November 14th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $12.80.

Read Our Latest Stock Report on BNTGY

Brenntag Company Profile

(Get Free Report)

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.

Further Reading

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