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 growth in short interest in the month of July. As of July 31st, there was short interest totaling 9,200 shares, agrowthof1,740.0% from the July 15th total of 500 shares. Based on an average trading volume of 47,000 shares, the days-to-cover ratio is presently 0.2 days. Currently,0.0% of the shares of the company are sold short. Currently,0.0% of the shares of the company are sold short. Based on an average trading volume of 47,000 shares, the days-to-cover ratio is presently 0.2 days.

Brenntag Stock Down 2.1%

Shares of BNTGY stock traded down $0.28 on Thursday, reaching $12.60. The company's stock had a trading volume of 10,935 shares, compared to its average volume of 53,767. The company has a market capitalization of $9.09 billion, a P/E ratio of 15.94 and a beta of 0.83. Brenntag has a 12-month low of $11.09 and a 12-month high of $15.07. The stock's 50 day simple moving average is $13.16 and its 200-day simple moving average is $13.18.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.15). Brenntag had a return on equity of 11.47% and a net margin of 3.24%. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.14 billion. Research analysts expect that Brenntag will post 0.9 EPS for the current year.

Brenntag Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 11th. Stockholders of record on Monday, May 26th were given a dividend of $0.2696 per share. This is a boost from Brenntag's previous dividend of $0.05. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 200.0%. Brenntag's dividend payout ratio is currently 34.18%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BNTGY. Berenberg Bank cut Brenntag from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. DZ Bank lowered Brenntag from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, Brenntag has an average rating of "Hold".

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.

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