Brenntag SE (OTCMKTS:BNTGY) Sees Significant Drop in Short Interest

Brenntag SE (OTCMKTS:BNTGY - Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 600 shares, a decrease of 94.3% from the May 15th total of 10,500 shares. Based on an average daily volume of 43,100 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Brenntag Stock Performance

OTCMKTS:BNTGY traded down $0.11 during mid-day trading on Thursday, hitting $13.98. The stock had a trading volume of 6,230 shares, compared to its average volume of 67,553. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 17.26 and a beta of 0.89. Brenntag has a twelve month low of $11.09 and a twelve month high of $15.07. The company's 50 day simple moving average is $13.14 and its 200 day simple moving average is $12.90.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last released its quarterly earnings results 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 net margin of 3.36% and a return on equity of 12.24%. As a group, equities analysts forecast that Brenntag will post 0.9 earnings per share for the current year.

Brenntag Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 26th were given a dividend of $0.2696 per share. This represents a dividend yield of 2%. The ex-dividend date was Friday, May 23rd. This is a positive change from Brenntag's previous dividend of $0.05. Brenntag's dividend payout ratio is presently 34.18%.

Analyst Upgrades and Downgrades

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

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.