Short Interest in Brenntag AG (OTCMKTS:BNTGY) Declines By 41.4%

Brenntag AG (OTCMKTS:BNTGYGet Free Report) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 12,781 shares, a decrease of 41.4% from the July 15th total of 21,822 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 52,119 shares, the days-to-cover ratio is presently 0.2 days.

Brenntag Price Performance

Shares of Brenntag stock remained flat at $14.03 on Wednesday. 11,210 shares of the stock were exchanged, compared to its average volume of 21,651. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 23.78 and a beta of 0.62. Brenntag has a twelve month low of $10.19 and a twelve month high of $14.97. The stock’s fifty day simple moving average is $13.29 and its two-hundred day simple moving average is $13.11.

Brenntag (OTCMKTS:BNTGYGet Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Brenntag had a net margin of 2.41% and a return on equity of 8.34%. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.66 billion. On average, sell-side analysts anticipate that Brenntag will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a report on Friday. Jefferies Financial Group raised shares of Brenntag from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group upgraded shares of Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft lowered Brenntag from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, DZ Bank upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $12.80.

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About Brenntag

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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.

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