Braskem SA Sees Large Increase in Short Interest (BAK)
Shares of Braskem SA (NYSE:BAK) were the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 2,156,214 shares, a growth of 105.6% from the July 15th total of 1,048,553 shares, StockRatingsNetwork.com reports. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 312,208 shares, the short-interest ratio is currently 6.9 days.
Separately, analysts at HSBC downgraded shares of Braskem SA from an “overweight” rating to a “neutral” rating in a research note on Friday, August 8th.
Braskem SA (NYSE:BAK) opened at 13.49 on Tuesday. Braskem SA has a one year low of $12.14 and a one year high of $18.58. The stock has a 50-day moving average of $12.83 and a 200-day moving average of $13.76. The company has a market cap of $5.370 billion and a price-to-earnings ratio of 16.44.
Braskem SA (NYSE:BAK) last released its earnings data on Monday, August 11th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.09. Analysts expect that Braskem SA will post $1.02 EPS for the current fiscal year.
Braskem SA (NYSE:BAK) is a petrochemical company.
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