Brenntag SE (OTCMKTS:BNTGY) Sees Significant Drop in Short Interest

Brenntag SE (OTCMKTS:BNTGY) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 100 shares, a drop of 98.4% from the October 31st total of 6,300 shares. Based on an average daily volume of 305,000 shares, the short-interest ratio is presently 0.0 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 Price Performance

Shares of OTCMKTS:BNTGY traded up $0.39 during trading on Wednesday, reaching $13.07. 57,680 shares of the company’s stock traded hands, compared to its average volume of 47,474. The stock has a market capitalization of $9.44 billion, a P/E ratio of 15.65 and a beta of 1.13. Brenntag has a 12 month low of $11.79 and a 12 month high of $18.72. The company has a 50 day moving average of $13.46 and a 200-day moving average of $13.92.

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.