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

Brenntag SE (OTCMKTS:BNTGY - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 21,100 shares, a growth of 64.8% from the March 15th total of 12,800 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 94,300 shares, the short-interest ratio is presently 0.2 days.

Brenntag Price Performance

OTCMKTS BNTGY traded up $0.05 during trading on Tuesday, reaching $12.62. The company's stock had a trading volume of 27,151 shares, compared to its average volume of 86,214. Brenntag has a one year low of $11.09 and a one year high of $16.79. The stock has a market capitalization of $9.11 billion, a PE ratio of 15.58 and a beta of 1.02. The firm has a fifty day moving average of $13.22 and a 200 day moving average of $12.83.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.84 billion. Brenntag had a net margin of 3.36% and a return on equity of 12.24%. Research analysts expect that Brenntag will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BNTGY shares. Barclays upgraded shares of Brenntag from a "strong sell" rating to a "hold" rating in a research report on Friday, January 17th. UBS Group lowered shares of Brenntag from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 17th. Finally, DZ Bank raised shares of Brenntag from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 28th.

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.