Short Interest in Bilfinger SE (OTCMKTS:BFLBY) Expands By 271.4%

Bilfinger SE (OTCMKTS:BFLBY) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,600 shares, anincreaseof271.4% from the June 30th total of 700 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 2.6 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Bilfinger in a research report on Thursday, May 15th.

Bilfinger Price Performance

BFLBY opened at $22.34 on Tuesday. The stock has a 50-day moving average price of $19.62 and a 200-day moving average price of $15.80. Bilfinger has a 1 year low of $9.42 and a 1 year high of $22.45.

Bilfinger Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were issued a $0.3316 dividend. This represents a yield of 191.0%. The ex-dividend date was Friday, May 16th. This is a positive change from Bilfinger’s previous dividend of $0.25. Bilfinger’s dividend payout ratio is -130.69%.

About Bilfinger

Bilfinger SE provides industrial services to customers in the process industry primarily in Europe, North America, and the Middle East. The company offers engineering, project, maintenance, turnaround, rotating equipment, and inspection services. It also provides new construction and decommissioning of nuclear power plants, treatment of radioactive waste, and nuclear fusion services.