Short Interest in Brenntag AG (OTCMKTS:BNTGY) Declines By 81.6%

Brenntag AG (OTCMKTS:BNTGY – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 2,347 shares, a decrease of 81.6% from the July 30th total of 12,781 shares. Based on an average daily volume of 24,155 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

BNTGY has been the topic of several recent analyst reports. UBS Group upgraded Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley restated an “underweight” rating on shares of Brenntag in a research report on Friday, August 14th. Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 20th. DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft cut Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $12.80.

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Brenntag Price Performance

Shares of Brenntag stock opened at $14.03 on Friday. Brenntag has a fifty-two week low of $10.19 and a fifty-two week high of $14.97. The firm has a market capitalization of $10.13 billion, a P/E ratio of 23.78 and a beta of 0.63. The company’s 50 day moving average price is $13.49 and its two-hundred day moving average price is $13.19.

Brenntag (OTCMKTS:BNTGY – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Brenntag had a net margin of 2.41% and a return on equity of 8.34%. On average, analysts expect that Brenntag will post 0.8 earnings per share for the current year.

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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