Brenntag AG (OTCMKTS:BNTGY) Stock Short Interest Rises 313.7%

by · The Markets Daily

Brenntag AG (OTCMKTS:BNTGY – Get Free Report) was the recipient of a significant growth in short interest in 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. Based on an average daily volume of 37,746 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research firms have recently weighed in on BNTGY. DZ Bank upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft downgraded Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a research note on Friday, August 14th. Eight 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.com, the stock has a consensus rating of “Reduce” and a consensus target price of $12.80.

View Our Latest Analysis on BNTGY

Brenntag Stock Performance

BNTGY opened at $13.88 on Monday. The firm’s 50-day simple moving average is $13.98 and its 200-day simple moving average is $13.57. Brenntag has a twelve month low of $10.19 and a twelve month high of $14.97. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 23.53 and a beta of 0.62.

Brenntag (OTCMKTS:BNTGY – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Brenntag had a net margin of 2.41% and a return on equity of 8.30%. As a group, sell-side analysts anticipate that Brenntag will post 0.85 EPS for the current fiscal year.

Brenntag Company Profile

(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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