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These OTC Market-Traded Securities Had The Largest Volume Increases In August

Spencer Israel

This article is from Benzinga’s Partner Content team

Roughly 5.7 billion shares traded on the OTCQX Best Market in August, the most transparent of OTC Markets’ three tiers. That volume was 3.5x the volume on the second tier, the OTCQB Venture Market, which had 1.6 billion shares trade hands. 

While both of those numbers are relatively in-line with 2019 averages, each market had a number of securities that experienced dramatic month-over-month trading increases from July to August. 

Of the 30 most-active securities on the OTCQX Market, these were the five with the largest dollar volume increases in the month:

  1. Heineken NV (OTCQX: HEINY) up 125%
  2. Charlotte’s Web Holdings Inc. (OTCQX: CWBHF): up 113%
  3. JBS S.A. (OTCQX: JBSAY) 88%
  4. Adidas AG (OTCQX: ADDYY) 76%
  5. BNP Paribas (OTCQX: BNPQY) 70%

Heineken, the second-largest beer maker in the world, guided earlier in the year that revenue growth should be above the industry average in 2019. They also recently announced a $139 million investment in renovating four of its production plants in Brazil. 

Charlotte’s Web has held up comparatively well to the rest of the cannabis sector of late. The company reported second-quarter earnings on August 14 that showed revenue grew 45% on a year-over-year basis in the June quarter on profits of $18.8 million. 

Adidas also reported during the month with mixed results—earnings exceeded analyst estimates while sales missed slightly. 

JBS, the Brazilian meat producer, did not report during August, but shares have spent the better part of the past two months making new all-time highs. The stock recently hit $16 per share for the first time. 

Of the 30 most-active securities on OTCQB, these were the five with the largest dollar volume increases:

  1. Freddie Mac (OTCQB: FMCCO)
  2. Fannie Mae (OTCQB: FNMAK)
  3. Veritas Farms Inc. (OTCQB: VFRM)
  4. CV Sciences, Inc. (OTCQB: CVSI)
  5. NaturalShrimp Incorporated (OTCQB: SHMP)

Even though Federal Housing Finance Agency Director Mark Calabria recently said the two Government Sponsored Entities will remain under government control until the end of 2020 at the earliest, volume spikes in preferred share classes of Fannie Mae and Freddie Mac are not especially unusual.

The volume spikes in Veritas Farms and CV Sciences are a little less routine, however. The former, which distributes a full spectrum hemp oil products to over 4,500 retail locations across the U.S., reported a record 509% increase in quarterly revenue as a result of its recent expansion of brick-and-mortar and online distribution networks. The latter, producers of CBD-based pharmaceuticals and consumer products, was given an Overweight rating and $5 price target by Piper Jaffray.

Financials, which are the most-represented industry on OTCQX, also had a number of large volume gainers in August, though none appear to be driven by a news catalyst.

  1. Embassy Bancorp Inc. (OTCQX: EMYB) up 1,986%
  2. Highlands Bankshares, Inc. (OTCQX: HLND) up 372%
  3. Kentucky Bancshares, Inc. (OTCQX: KTYB) up 354%
  4. Alerus Financial Corp. (OTCQX: ALRS) up 100%

Overall these were the top 10 most active securities on both markets in August.

OTCQX

Company Name Symbol Country August Volume ($) YTD Volume ($)
Grayscale Bitcoin Trust (BTC) GBTC US $1,151,368,169 $7,429,906,990
Roche Holding Ltd RHHBY Switzerland $660,461,576 $6,440,956,855
Charlotte's Web Holdings Inc. CWBHF US $414,009,603 $1,326,034,163
adidas AG ADDYY Germany $169,369,459 $944,250,107
BNP Paribas BNPQY France $162,563,187 $1,064,001,868
Danone DANOY France $139,400,878 $1,372,684,186
Infineon Technologies AG IFNNY Germany $110,129,413 $982,143,347
BASF SE BASFY Germany $106,816,801 $961,228,847
AXA AXAHY France $85,316,438     $735,428,622
Deutsche Telekom AG     DTEGY Germany $79,415,561 $668,085,122

OTCQB

         
Fannie Mae FNMA US $200,591,393 $2,755,168,282
Fannie Mae FNMAS US $173,217,333 $2,744,994,638
Freddie Mac FMCKJ US $105,694,615 $2,227,974,023
Freddie Mac FMCC US $85,023,266 $1,185,262,435
CV Sciences, Inc. CVSI US $72,556,200 $701,197,956
Fannie Mae FNMAT US $34,408,313 $362,613,532
Semler Scientific, Inc. SMLR US $14,253,514 $120,498,831
Freddie Mac FMCKM US $12,635,209 $214,873,013
Green Growth Brands Inc. GGBXF Canada $10,347,56 $149,776,345
Veritas Farms Inc. VFRM US $10,101,079     $24,425,495

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