Arkema SA (OTCMKTS:ARKAY) Short Interest Update

Arkema SA (OTCMKTS:ARKAY) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,729 shares, an increase of 559.9% from the June 30th total of 262 shares. Based on an average trading volume of 3,426 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ARKAY. Sanford C. Bernstein upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Berenberg Bank lowered shares of Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Arkema in a research note on Tuesday, June 23rd. Finally, The Goldman Sachs Group cut shares of Arkema from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Arkema Stock Up 0.8%

Shares of Arkema stock opened at $63.54 on Friday. Arkema has a 12-month low of $56.28 and a 12-month high of $79.36. The firm has a market capitalization of $4.83 billion, a PE ratio of 254.15 and a beta of 0.86. The company has a quick ratio of 1.64, a current ratio of 2.25 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average is $66.23 and its 200-day moving average is $66.99.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.10. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. Arkema had a return on equity of 4.06% and a net margin of 0.46%. Equities analysts anticipate that Arkema will post 3.48 earnings per share for the current year.

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.