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

Brenntag SE (OTCMKTS:BNTGY) saw 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 currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Brenntag Trading Up 3.1 %

OTCMKTS:BNTGY traded up $0.39 on Friday, hitting $13.07. 57,680 shares of the stock were exchanged, compared to its average volume of 179,393. The stock has a fifty day moving average of $13.41 and a 200-day moving average of $13.91. The stock has a market cap of $9.44 billion, a PE ratio of 16.14 and a beta of 1.13. Brenntag has a fifty-two week low of $11.79 and a fifty-two week high of $18.72.

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.