Brenntag AG (OTCMKTS:BNTGY) Short Interest Up 1,740.0% in July

Key Points

• Brenntag AG saw a significant rise in short interest, increasing by 1,740.0% in July, with a total of 9,200 shares shorted by the end of the month.
• The company's stock price decreased by 2.1%, closing at $12.60 on Thursday, with a market capitalization of $9.09 billion.
• Brenntag recently announced a dividend increase to $0.2696 per share, marking a yield of 200.0% and a payout ratio of 34.18%.

Brenntag AG (OTCMKTS:BNTGY - Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 9,200 shares, anincreaseof1,740.0% from the July 15th total of 500 shares. Based on an average daily volume of 47,000 shares, the short-interest ratio is currently 0.2 days. Currently,0.0% of the company's shares are short sold. Currently,0.0% of the company's shares are short sold. Based on an average daily volume of 47,000 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BNTGY shares. DZ Bank lowered shares of Brenntag from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, May 15th. Berenberg Bank lowered shares of Brenntag from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce".

Brenntag Trading Up 2.3%

OTCMKTS:BNTGY traded up $0.2840 during trading hours on Tuesday, hitting $12.7740. The company's stock had a trading volume of 31,178 shares, compared to its average volume of 24,611. The stock has a market capitalization of $9.22 billion, a P/E ratio of 19.96 and a beta of 0.83. The stock has a fifty day moving average of $13.06 and a 200-day moving average of $13.18. Brenntag has a 52-week low of $11.09 and a 52-week high of $15.07.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.15). Brenntag had a net margin of 2.62% and a return on equity of 9.10%. The business had revenue of $4.39 billion during the quarter, compared to analysts' expectations of $4.14 billion. On average, sell-side analysts forecast that Brenntag will post 0.9 earnings per share for the current year.

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.