Brenntag SE (OTCMKTS:BNTGY) Sees Large Decline in Short Interest

Brenntag SE (OTCMKTS:BNTGY) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 3,000 shares, a decrease of 89.0% from the December 15th total of 27,200 shares. Based on an average daily trading volume, of 240,500 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

Brenntag Price Performance

Shares of OTCMKTS:BNTGY opened at $11.13 on Wednesday. The business’s 50-day moving average is $12.35 and its 200 day moving average is $13.44. Brenntag has a 1 year low of $11.09 and a 1 year high of $18.72. The firm has a market capitalization of $8.04 billion, a P/E ratio of 13.74 and a beta of 1.12.

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.