Arkema SA (OTCMKTS:ARKAY) Short Interest Up 173.3% in May

Arkema SA (OTCMKTS:ARKAY) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,741 shares, a growth of 173.3% from the May 14th total of 637 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,470 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ARKAY shares. Sanford C. Bernstein upgraded Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a research report on Thursday, April 9th. Kepler Capital Markets downgraded Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Berenberg Bank downgraded Arkema from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group downgraded Arkema from a “buy” rating to a “neutral” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Arkema Trading Down 1.8%

ARKAY opened at $66.28 on Friday. The business has a 50 day simple moving average of $70.85 and a two-hundred day simple moving average of $66.22. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 265.12 and a beta of 0.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.25 and a quick ratio of 1.64. Arkema has a one year low of $56.28 and a one year high of $79.36.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $1.01 EPS 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%. Analysts predict that Arkema will post 3.89 EPS 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.