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

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 significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 19,000 shares, an increase of 2,275.0% from the August 15th total of 800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 50,400 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 50,400 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut shares of 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 issued a Sell rating to the stock. According to data from MarketBeat, Brenntag presently has a consensus rating of "Reduce".

Brenntag Price Performance

Shares of Brenntag stock traded up $0.06 on Tuesday, reaching $11.89. 45,854 shares of the company traded hands, compared to its average volume of 52,201. The company has a 50 day moving average of $12.63 and a 200 day moving average of $13.07. The firm has a market capitalization of $8.58 billion, a PE ratio of 18.58 and a beta of 0.84. Brenntag has a 52 week low of $11.09 and a 52 week high of $15.07.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last released 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 business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.14 billion. As a group, analysts anticipate that Brenntag will post 0.9 earnings per share 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.