Brenntag SE (OTCMKTS:BNTGY) Short Interest Down 98.4% in November

Brenntag SE (OTCMKTS:BNTGY) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 100 shares, a decline 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 Brenntag from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th.

Brenntag Price Performance

Shares of BNTGY stock traded up $0.39 during trading hours on Wednesday, hitting $13.07. The company had a trading volume of 57,680 shares, compared to its average volume of 47,474. The company’s fifty day moving average is $13.46 and its 200 day moving average is $13.92. Brenntag has a fifty-two week low of $11.79 and a fifty-two week high of $18.72. The stock has a market capitalization of $9.44 billion, a PE ratio of 15.65 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.