Short Interest in Brenntag AG (OTCMKTS:BNTGY) Drops By 89.5%

Key Points

• Short interest in Brenntag AG decreased by 89.5% in September, dropping from 19,000 shares to just 2,000 shares.
• Analysts have a consensus rating of "Reduce" on Brenntag, with Berenberg Bank recently downgrading it from a "strong-buy" to a "hold" rating.
• Brenntag's quarterly earnings report showed a missed EPS estimate, reporting $0.07 compared to the expected $0.22, despite exceeding revenue expectations of $4.14 billion.

Brenntag AG (OTCMKTS:BNTGY - Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 2,000 shares, a drop of 89.5% from the August 31st total of 19,000 shares. Based on an average daily trading volume, of 116,300 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 116,300 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Berenberg Bank cut shares of Brenntag from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Brenntag in a report on Wednesday, September 24th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce".

Brenntag Trading Up 1.6%

OTCMKTS:BNTGY traded up $0.19 during trading hours on Tuesday, hitting $11.92. 135,450 shares of the stock were exchanged, compared to its average volume of 53,925. Brenntag has a 52-week low of $11.09 and a 52-week high of $14.87. The firm's fifty day moving average price is $12.39 and its 200 day moving average price is $12.92. The company has a market cap of $8.60 billion, a P/E ratio of 18.62 and a beta of 0.84.

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). Brenntag had a return on equity of 9.19% and a net margin of 2.62%.The firm had revenue of $4.39 billion for the quarter, compared to analysts' expectations of $4.14 billion. Equities analysts expect that Brenntag will post 0.9 EPS 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.

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