Short Interest in Brenntag AG (OTCMKTS:BNTGY) Increases By 2,275.0%

Key Points

• Short interest in Brenntag AG surged by 2,275.0% in August, rising from 800 shares to a total of 19,000 shares.
• The company's stock trades with a market cap of $8.55 billion and reported earnings of $0.07 per share, falling short of analysts' expectations of $0.22.
• Analysts have downgraded Brenntag to a consensus rating of "Reduce," with one rating as "Sell" and several as "Hold."

Brenntag AG (OTCMKTS:BNTGY - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 19,000 shares, a growth of 2,275.0% from the August 15th total of 800 shares. Based on an average daily volume of 50,400 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 50,400 shares, the short-interest ratio is currently 0.4 days.

Brenntag Price Performance

OTCMKTS:BNTGY traded up $0.06 on Thursday, reaching $11.84. 40,698 shares of the company's stock were exchanged, compared to its average volume of 51,430. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 18.50 and a beta of 0.84. Brenntag has a 52 week low of $11.09 and a 52 week high of $15.07. The stock has a fifty day simple moving average of $12.70 and a 200-day simple moving average of $13.11.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last announced its 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). The company had revenue of $4.39 billion during the quarter, compared to analysts' expectations of $4.14 billion. Brenntag had a net margin of 2.62% and a return on equity of 9.19%. As a group, sell-side analysts predict that Brenntag will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BNTGY. DZ Bank cut shares of Brenntag from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, May 15th. Berenberg Bank lowered Brenntag from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce".

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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