Brenntag SE (OTCMKTS:BNTGY) Short Interest Down 94.3% in May

Brenntag SE (OTCMKTS:BNTGY - Get Free Report) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 600 shares, a drop of 94.3% from the May 15th total of 10,500 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 43,100 shares, the days-to-cover ratio is currently 0.0 days.

Brenntag Stock Performance

OTCMKTS BNTGY traded down $0.19 during trading hours on Friday, hitting $13.75. 21,031 shares of the company traded hands, compared to its average volume of 66,631. The business's 50-day moving average is $13.22 and its 200-day moving average is $12.91. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 16.97 and a beta of 0.89. Brenntag has a twelve month low of $11.09 and a twelve month high of $15.07.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). Brenntag had a net margin of 3.36% and a return on equity of 12.24%. Analysts predict that Brenntag will post 0.9 EPS for the current year.

Brenntag Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 26th were paid a $0.2696 dividend. This represents a yield of 2%. This is an increase from Brenntag's previous dividend of $0.05. The ex-dividend date of this dividend was Friday, May 23rd. Brenntag's dividend payout ratio (DPR) is currently 34.18%.

Analyst Ratings Changes

Separately, DZ Bank downgraded Brenntag from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, May 15th.

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.