Short Interest in Brenntag AG (OTCMKTS:BNTGY) Increases By 53.1%

Brenntag AG (OTCMKTS:BNTGY) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 13,797 shares, an increase of 53.1% from the December 31st total of 9,014 shares. Based on an average daily volume of 48,079 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 48,079 shares, the days-to-cover ratio is presently 0.3 days.

Brenntag Price Performance

BNTGY stock opened at $12.18 on Friday. The company has a 50 day moving average price of $11.58 and a 200 day moving average price of $11.86. Brenntag has a fifty-two week low of $10.52 and a fifty-two week high of $14.82. The stock has a market capitalization of $8.79 billion, a PE ratio of 19.03 and a beta of 0.75.

Brenntag (OTCMKTS:BNTGY) last released its earnings results on Wednesday, November 12th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.32 billion. Brenntag had a net margin of 2.66% and a return on equity of 9.14%. As a group, equities analysts expect that Brenntag will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BNTGY shares. Zacks Research raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. BNP Paribas Exane assumed coverage on Brenntag in a research report on Monday, October 20th. They set a “neutral” rating and a $12.80 price target on the stock. Barclays raised Brenntag to a “hold” rating in a report on Thursday, January 15th. UBS Group downgraded Brenntag from a “hold” rating to a “sell” rating in a research report on Friday, October 10th. Finally, Citigroup restated a “neutral” rating on shares of Brenntag in a report on Friday, November 14th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Brenntag currently has an average rating of “Reduce” and a consensus price target of $12.80.

About Brenntag

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.