Short Interest in Arcadium Lithium plc (NYSE:ALTM) Rises By 18.9%

Arcadium Lithium plc (NYSE:ALTM) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 71,190,000 shares, a growth of 18.9% from the March 15th total of 59,890,000 shares. Based on an average trading volume of 13,110,000 shares, the short-interest ratio is currently 5.4 days. Currently, 6.7% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, KeyCorp dropped their target price on Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th.

Arcadium Lithium Stock Down 3.4 %

ALTM opened at 3.97 on Tuesday. Arcadium Lithium has a 52-week low of 3.90 and a 52-week high of 29.17. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 2.51 and a beta of 1.82. The stock’s 50-day moving average is 4.61.

Arcadium Lithium (NYSE:ALTM) last released its earnings results on Thursday, February 22nd. The company reported 0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of 0.36 by -0.02. The company had revenue of 181.80 million during the quarter, compared to analyst estimates of 219.13 million.

About Arcadium Lithium

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.