Short Interest in Arkema SA (OTCMKTS:ARKAY) Increases By 559.9%

Arkema SA (OTCMKTS:ARKAY) was the target of a large 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. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,426 shares, the days-to-cover ratio is currently 0.5 days.

Arkema Trading Up 0.8%

OTCMKTS ARKAY opened at $63.54 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.64 and a current ratio of 2.25. Arkema has a one year low of $56.28 and a one year high of $79.36. The company has a 50-day simple moving average of $66.23 and a 200-day simple moving average of $66.99. The firm has a market capitalization of $4.83 billion, a PE ratio of 254.15 and a beta of 0.86.

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

Wall Street Analysts Forecast Growth

ARKAY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Arkema in a report on Tuesday, June 23rd. Kepler Capital Markets downgraded Arkema from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Sanford C. Bernstein upgraded Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Berenberg Bank cut Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arkema currently has a consensus rating of “Reduce”.

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.