Short Interest in Brenntag SE (OTCMKTS:BNTGY) Drops By 77.6%

Brenntag SE (OTCMKTS:BNTGY) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 27,200 shares, a decrease of 77.6% from the November 30th total of 121,200 shares. Based on an average daily volume of 193,700 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

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

Brenntag Stock Performance

Shares of OTCMKTS:BNTGY traded up $0.17 on Friday, hitting $12.16. 89,483 shares of the company’s stock were exchanged, compared to its average volume of 52,510. Brenntag has a 1-year low of $11.58 and a 1-year high of $18.72. The company has a market capitalization of $8.78 billion, a PE ratio of 15.01 and a beta of 1.11. The firm’s 50-day moving average is $12.69 and its 200 day moving average is $13.61.

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.