Short Interest in Brenntag SE (OTCMKTS:BNTGY) Drops By 98.4%

Brenntag SE (OTCMKTS:BNTGY) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 100 shares, a decrease of 98.4% from the October 31st total of 6,300 shares. Based on an average trading volume of 305,000 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

Brenntag Stock Performance

Shares of OTCMKTS:BNTGY traded up $0.39 on Thursday, reaching $13.07. The company’s stock had a trading volume of 57,680 shares, compared to its average volume of 47,474. The company has a 50-day simple moving average of $13.44 and a 200 day simple moving average of $13.92. Brenntag has a 52-week low of $11.79 and a 52-week high of $18.72. The company has a market cap of $9.44 billion, a P/E ratio of 16.14 and a beta of 1.13.

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.