Short Interest in Brenntag AG (OTCMKTS:BNTGY) Declines By 66.1%

Brenntag AG (OTCMKTS:BNTGY) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 5,748 shares, a decline of 66.1% from the May 14th total of 16,940 shares. Based on an average trading volume of 59,261 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Brenntag Stock Performance

OTCMKTS:BNTGY opened at $12.75 on Thursday. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 34.46 and a beta of 0.64. Brenntag has a one year low of $10.19 and a one year high of $14.97. The stock has a 50-day simple moving average of $13.68 and a 200 day simple moving average of $12.51.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.33 billion. Brenntag had a return on equity of 5.38% and a net margin of 1.55%. On average, equities research analysts forecast that Brenntag will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

BNTGY has been the topic of a number of analyst reports. Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group upgraded Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research note on Friday, May 15th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Brenntag has a consensus rating of “Reduce” and a consensus target price of $12.80.

About Brenntag

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.