Brenntag AG (OTCMKTS:BNTGY) Short Interest Up 400.0% in July

Brenntag AG (OTCMKTS:BNTGY) was the target of a large growth in short interest in 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 trading volume of 36,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

A number of research firms have issued reports on BNTGY. Berenberg Bank cut Brenntag from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. DZ Bank cut Brenntag from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, Brenntag currently has an average rating of “Hold”.

Brenntag Trading Down 2.7%

BNTGY stock opened at $12.56 on Thursday. Brenntag has a 1-year low of $11.09 and a 1-year high of $15.07. The business’s 50 day simple moving average is $13.30 and its 200 day simple moving average is $13.10. The firm has a market capitalization of $9.07 billion, a PE ratio of 15.90 and a beta of 0.87.

Brenntag (OTCMKTS:BNTGY) 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 3.24% and a return on equity of 11.47%. As a group, sell-side analysts predict that Brenntag will post 0.9 EPS for the current fiscal year.

Brenntag Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 26th were paid a $0.2696 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This is an increase from Brenntag’s previous dividend of $0.05. This represents a dividend yield of 2%. Brenntag’s dividend payout ratio is 35.44%.

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.