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

Brenntag SE (OTCMKTS:BNTGY) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 12,800 shares, a drop of 45.5% from the February 28th total of 23,500 shares. Based on an average trading volume of 151,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays raised Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, January 17th. UBS Group downgraded shares of Brenntag from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th.

Brenntag Price Performance

Shares of Brenntag stock traded down $0.01 on Friday, hitting $13.41. The company had a trading volume of 14,733 shares, compared to its average volume of 92,625. Brenntag has a 52 week low of $11.09 and a 52 week high of $16.89. The company has a market cap of $9.68 billion, a PE ratio of 16.56 and a beta of 1.08. The business has a 50-day simple moving average of $13.17 and a 200-day simple moving average of $13.08.

Brenntag (OTCMKTS:BNTGY) last announced its earnings results on Wednesday, March 12th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.84 billion. Brenntag had a net margin of 3.36% and a return on equity of 12.24%. On average, equities research analysts predict that Brenntag will post 0.9 earnings per share for the current fiscal 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.