Arkema SA (OTCMKTS:ARKAY) Stock Short Interest Declines 97.3%

Arkema SA (OTCMKTS:ARKAY) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 7 shares, a decline of 97.3% from the October 15th total of 259 shares. Based on an average daily volume of 3,368 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Barclays raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Six 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, the company has a consensus rating of “Reduce”.

Arkema Trading Up 0.2%

OTCMKTS:ARKAY traded up $0.14 on Tuesday, hitting $64.47. 1,471 shares of the stock were exchanged, compared to its average volume of 2,680. The stock has a market cap of $4.90 billion, a PE ratio of 103.98 and a beta of 0.87. The company has a current ratio of 1.52, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $63.99 and a 200-day moving average of $67.00. Arkema has a fifty-two week low of $56.28 and a fifty-two week high of $79.36.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings data on Thursday, November 5th. The basic materials company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09). The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arkema had a return on equity of 4.30% and a net margin of 0.67%. As a group, equities analysts expect that Arkema will post 3.73 earnings per share for the current fiscal year.

Arkema Company Profile

Arkema is a France-based specialty materials and chemicals company serving customers in markets such as construction, transportation, electronics, packaging and consumer goods. The company develops and manufactures specialty adhesives, high-performance materials and coating solutions, alongside selected intermediates used in industrial applications. Its products include advanced polymers, specialty resins and additives, and adhesive technologies. Arkema sells to customers across a broad range of industries and operates internationally, with a presence in Europe, the Americas and Asia.