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

Key Points

• Brenntag AG experienced a significant 91.3% decline in short interest in August, dropping from 9,200 shares to just 800 shares as of August 15th.
• The company's earnings per share for the last quarter was reported at $0.07, which fell short of the consensus estimate of $0.22.
• Equities analysts have recently downgraded Brenntag, with Berenberg Bank** and DZ Bank** both reducing their ratings from "strong-buy" to "hold" or "strong sell."

Brenntag AG (OTCMKTS:BNTGY - Get Free Report) saw a significant decrease in short interest during the month of August. As of August 15th, there was short interest totaling 800 shares, adecreaseof91.3% from the July 31st total of 9,200 shares. Based on an average trading volume of 44,200 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 44,200 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BNTGY. Berenberg Bank cut Brenntag from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. DZ Bank lowered shares of Brenntag from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, May 15th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Brenntag currently has an average rating of "Reduce".

Brenntag Stock Up 1.0%

Shares of BNTGY traded up $0.12 during mid-day trading on Friday, reaching $12.12. 24,063 shares of the stock traded hands, compared to its average volume of 25,871. The stock has a fifty day simple moving average of $12.79 and a 200 day simple moving average of $13.13. Brenntag has a 12-month low of $11.09 and a 12-month high of $15.07. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 18.94 and a beta of 0.84.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.15). Brenntag had a net margin of 2.62% and a return on equity of 9.19%. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.14 billion. On average, equities research analysts expect that Brenntag will post 0.9 earnings per share for the current fiscal year.

Brenntag Company Profile

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.