Arkema SA (OTCMKTS:ARKAY) Short Interest Down 77.0% in April

Arkema SA (OTCMKTS:ARKAY) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 254 shares, a decline of 77.0% from the April 15th total of 1,104 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,415 shares, the days-to-cover ratio is currently 0.1 days.

Arkema Price Performance

ARKAY opened at $73.87 on Friday. The business has a fifty day moving average of $68.40 and a 200 day moving average of $64.73. Arkema has a 52-week low of $56.28 and a 52-week high of $79.36. The company has a quick ratio of 1.63, a current ratio of 2.13 and a debt-to-equity ratio of 0.54. The stock has a market cap of $5.62 billion, a P/E ratio of 295.48 and a beta of 0.84.

Arkema (OTCMKTS:ARKAY) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.10. Arkema had a return on equity of 4.06% and a net margin of 0.46%.The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. As a group, sell-side analysts anticipate that Arkema will post 3.79 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Sanford C. Bernstein upgraded Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Berenberg Bank cut Arkema from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Kepler Capital Markets cut Arkema from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Arkema in a report on Thursday, April 9th. Finally, Zacks Research upgraded Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Two research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Arkema Company Profile

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.