Short Interest in Brenntag AG (OTCMKTS:BNTGY) Drops By 99.0%

Brenntag AG (OTCMKTS:BNTGY) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 194 shares, a decrease of 99.0% from the February 26th total of 18,617 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 222,740 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 222,740 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Brenntag Trading Up 6.9%

OTCMKTS:BNTGY opened at $12.72 on Wednesday. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 31.02 and a beta of 0.75. The firm’s fifty day simple moving average is $12.08 and its 200 day simple moving average is $11.71. Brenntag has a twelve month low of $10.19 and a twelve month high of $14.14.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings results on Thursday, March 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.28). Brenntag had a net margin of 1.71% and a return on equity of 5.88%. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.22 billion. On average, analysts predict that Brenntag will post 0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Morgan Stanley downgraded shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Barclays upgraded Brenntag to a “hold” rating in a report on Thursday, January 15th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price 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.