Arkema SA (OTCMKTS:ARKAY) Sees Large Increase in Short Interest

Arkema SA (OTCMKTS:ARKAY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 259 shares, an increase of 619.4% from the September 30th total of 36 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 2,544 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Barclays raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Arkema currently has a consensus rating of “Reduce”.

Arkema Stock Up 0.6%

ARKAY stock opened at $61.69 on Thursday. Arkema has a twelve month low of $56.28 and a twelve month high of $79.36. The company has a quick ratio of 1.08, a current ratio of 1.52 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $64.95 and its 200-day moving average is $66.84. The firm has a market capitalization of $4.69 billion, a PE ratio of 212.72 and a beta of 0.88.

Arkema (OTCMKTS:ARKAY) last posted its earnings results on Thursday, July 30th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.12. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.86 billion. Arkema had a net margin of 0.67% and a return on equity of 4.30%. Sell-side analysts expect that Arkema will post 3.73 EPS for the current fiscal year.

Arkema Company Profile

Arkema is a France-based global specialty materials company that develops and manufactures products used in a wide range of industrial and consumer applications. Its portfolio includes specialty adhesives, high-performance polymers, acrylic materials, coating resins, additives and other chemical solutions designed to improve durability, performance and sustainability.

The company operates through businesses focused on Adhesive Solutions, Advanced Materials and Coating Solutions. Its products serve markets such as construction, automotive, electronics, packaging, renewable energy, consumer goods and industrial manufacturing.