Brenntag AG (OTCMKTS:BNTGY) Sees Large Increase in Short Interest

Key Points

• Brenntag AG experienced a 170% increase in short interest, rising from 2,000 shares to 5,400 shares between September 15th and September 30th.
• The company's stock has been downgraded by UBS Group to a sell rating and other analysts provide a consensus rating of "Reduce".
• Brenntag reported a quarterly EPS of $0.07, missing the consensus estimate of $0.22, but exceeded revenue expectations with $4.39 billion in revenue.

Brenntag AG (OTCMKTS:BNTGY - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 5,400 shares, an increase of 170.0% from the September 15th total of 2,000 shares. Based on an average trading volume of 161,700 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 161,700 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Brenntag in a research note on Wednesday, September 24th. UBS Group downgraded Brenntag from a "hold" rating to a "sell" rating in a report on Friday, October 10th. Finally, Berenberg Bank downgraded Brenntag from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Brenntag has a consensus rating of "Reduce".

Brenntag Stock Performance

Shares of Brenntag stock traded up $0.41 on Friday, hitting $11.64. The company's stock had a trading volume of 60,711 shares, compared to its average volume of 66,581. Brenntag has a 1 year low of $10.93 and a 1 year high of $14.82. The firm has a fifty day moving average price of $12.09 and a 200-day moving average price of $12.75. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 18.19 and a beta of 0.85.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.15). The firm had revenue of $4.39 billion for the quarter, compared to analysts' expectations of $4.14 billion. Brenntag had a return on equity of 9.19% and a net margin of 2.62%. As a group, analysts forecast that Brenntag will post 0.9 EPS for the current year.

About Brenntag

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.

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