Short Interest in Arkema SA (OTCMKTS:ARKAY) Grows By 24,814.3%

Arkema SA (OTCMKTS:ARKAY) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,744 shares, an increase of 24,814.3% from the January 29th total of 7 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,888 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 10,888 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Arkema Trading Down 1.7%

Arkema stock traded down $1.24 during midday trading on Wednesday, reaching $71.16. The stock had a trading volume of 4,195 shares, compared to its average volume of 6,877. Arkema has a twelve month low of $56.28 and a twelve month high of $91.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.07 and a quick ratio of 2.26. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 1.43 and a beta of 0.90. The firm’s fifty day simple moving average is $64.31 and its two-hundred day simple moving average is $63.93.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Zacks Research downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. The Goldman Sachs Group upgraded shares of Arkema from a “hold” rating to a “buy” rating in a report on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft cut Arkema from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Arkema Company Profile

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.