Brenntag AG (OTCMKTS:BNTGY) Shares Shorted: Short Interest Up 313.7% in September

Brenntag AG (OTCMKTS:BNTGY – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 11,381 shares, a growth of 313.7% from the September 15th total of 2,751 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 37,746 shares, the short-interest ratio is currently 0.3 days.

Brenntag Price Performance

BNTGY opened at $13.75 on Tuesday. The firm has a fifty day moving average price of $13.97 and a 200 day moving average price of $13.58. Brenntag has a 1 year low of $10.19 and a 1 year high of $14.97. The stock has a market cap of $9.93 billion, a P/E ratio of 23.31 and a beta of 0.62.

Brenntag (OTCMKTS:BNTGY – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. Brenntag had a net margin of 2.41% and a return on equity of 8.30%. The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.66 billion. Equities analysts expect that Brenntag will post 0.85 EPS for the current year.

Analysts Set New Price Targets

BNTGY has been the subject of several analyst reports. DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft cut Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $12.80.

Check Out Our Latest Analysis on BNTGY

About Brenntag

(Get Free Report)

Brenntag SE is a Germany-based global distributor of chemicals and ingredients. The company connects chemical manufacturers with industrial and commercial customers, supplying a broad portfolio of basic and specialty chemicals as well as related products and services.

Its activities include sourcing, storage, blending, formulation, packaging and delivery, along with technical support and other supply-chain services. Brenntag serves customers across industries such as manufacturing, water treatment, food and nutrition, pharmaceuticals, personal care, agriculture, energy and environmental services.

Founded in 1874 in Berlin, Brenntag has expanded into an international organization serving markets across Europe, North America, Latin America and the Asia-Pacific region.

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