Brenntag SE (OTCMKTS:BNTGY) Short Interest Up 121,100.0% in November

Brenntag SE (OTCMKTS:BNTGY) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 121,200 shares, an increase of 121,100.0% from the November 15th total of 100 shares. Based on an average daily volume of 392,300 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of Brenntag from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

Brenntag Trading Down 0.5 %

Shares of Brenntag stock traded down $0.07 during midday trading on Wednesday, reaching $13.00. The company had a trading volume of 91,506 shares, compared to its average volume of 49,434. The stock has a fifty day simple moving average of $13.19 and a 200 day simple moving average of $13.77. Brenntag has a 1-year low of $11.79 and a 1-year high of $18.72. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 16.05 and a beta of 1.11.

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.