Arkema SA (OTCMKTS:ARKAY) Sees Significant Growth in Short Interest

Arkema SA (OTCMKTS:ARKAY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 637 shares, a growth of 150.8% from the April 30th total of 254 shares. Based on an average daily volume of 2,633 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

ARKAY has been the topic of a number of analyst reports. Kepler Capital Markets downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Sanford C. Bernstein raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Berenberg Bank downgraded shares of Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research note on Thursday, April 9th. Two investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Arkema Price Performance

Shares of ARKAY opened at $71.60 on Friday. Arkema has a 1-year low of $56.28 and a 1-year high of $79.36. The stock has a market cap of $5.45 billion, a PE ratio of 286.40 and a beta of 0.84. The firm has a 50-day simple moving average of $69.91 and a two-hundred day simple moving average of $65.55. 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 (OTCMKTS:ARKAY) last announced 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. Arkema had a net margin of 0.46% and a return on equity of 4.06%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. As a group, analysts forecast 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.