Short Interest in Arkema SA (OTCMKTS:ARKAY) Grows By 260.8%

Arkema SA (OTCMKTS:ARKAY) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 1,104 shares, an increase of 260.8% from the March 31st total of 306 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,497 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ARKAY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research report on Thursday, April 9th. Sanford C. Bernstein upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Berenberg Bank cut Arkema from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. The Goldman Sachs Group raised Arkema from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Finally, Zacks Research lowered Arkema from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Arkema Price Performance

OTCMKTS:ARKAY opened at $72.31 on Friday. The firm has a fifty day simple moving average of $67.87 and a 200 day simple moving average of $63.53. Arkema has a 1-year low of $56.28 and a 1-year high of $79.36. The company has a current ratio of 2.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $5.50 billion, a PE ratio of 83.12 and a beta of 0.84.

About Arkema

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.