Brenntag AG (OTCMKTS:BNTGY) Short Interest Update

Key Points

• Brenntag AG experienced a significant increase in short interest in July, rising by 400% to 500 shares, although this constitutes just 0.0% of total shares sold short.
• The company reported earnings of $0.20 per share for its last quarter, missing estimates by $0.04, while analysts expect an EPS of 0.9 for the current year.
• Brenntag has raised its dividend to $0.2696 per share, reflecting a yield of 2%, which is a significant increase from its previous dividend of $0.05.

Brenntag AG (OTCMKTS:BNTGY - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 500 shares, a growth of 400.0% from the June 30th total of 100 shares. Based on an average daily volume of 36,400 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Brenntag Price Performance

Shares of OTCMKTS:BNTGY traded down $0.23 during trading on Tuesday, reaching $12.91. The stock had a trading volume of 16,418 shares, compared to its average volume of 56,265. Brenntag has a 52 week low of $11.09 and a 52 week high of $15.07. The business's 50-day moving average price is $13.33 and its 200 day moving average price is $13.11. The stock has a market capitalization of $9.32 billion, a PE ratio of 16.34 and a beta of 0.87.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). Brenntag had a return on equity of 11.47% and a net margin of 3.24%. Analysts forecast that Brenntag will post 0.9 EPS for the current year.

Brenntag Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 26th were given a $0.2696 dividend. This represents a yield of 2%. The ex-dividend date of this dividend was Friday, May 23rd. This is a boost from Brenntag's previous dividend of $0.05. Brenntag's payout ratio is 34.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Berenberg Bank downgraded Brenntag from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. DZ Bank downgraded Brenntag from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.