Brenntag AG (OTCMKTS:BNTGY – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 49,671 shares, a growth of 336.4% from the September 30th total of 11,381 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 45,147 shares, the short-interest ratio is currently 1.1 days.
Brenntag Stock Up 1.3%
Shares of BNTGY opened at $14.03 on Friday. The stock has a market cap of $10.13 billion, a PE ratio of 23.78 and a beta of 0.62. Brenntag has a 12-month low of $10.19 and a 12-month high of $14.97. The business has a 50-day simple moving average of $13.92 and a two-hundred day simple moving average of $13.24.
Brenntag (OTCMKTS:BNTGY – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Brenntag had a return on equity of 8.30% and a net margin of 2.41%. On average, equities research analysts expect that Brenntag will post 0.85 EPS for the current year.
Wall Street Analysts Forecast Growth
BNTGY has been the subject of several research analyst reports. Morgan Stanley restated an “underweight” rating on shares of Brenntag in a research report on Friday, August 14th. DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.
Check Out Our Latest Report on Brenntag
About Brenntag
Brenntag SE is a Germany-based global distributor of chemicals and related ingredients. The company supplies a broad portfolio of industrial and specialty chemicals to customers in industries such as water treatment, agriculture, food and nutrition, pharmaceuticals, personal care, coatings, and energy.
In addition to sourcing and distributing chemical products, Brenntag provides services that support customers and suppliers throughout the supply chain. These services include storage, transportation, blending and mixing, formulation, packaging, technical support, regulatory assistance, and other customized supply-chain solutions.
Founded in Berlin in 1874, Brenntag has developed into an international chemical distribution business serving customers across Europe, North and Latin America, Asia-Pacific, and other global markets.
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