Arkema SA (OTCMKTS:ARKAY) Stock Short Interest Falls 98.1%

Arkema SA (OTCMKTS:ARKAY) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 36 shares, a drop of 98.1% from the September 15th total of 1,858 shares. Based on an average daily trading volume, of 1,892 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Arkema Trading Up 0.7%

Shares of ARKAY stock traded up $0.40 during trading hours on Friday, hitting $61.68. 1,204 shares of the company’s stock traded hands, compared to its average volume of 1,097. The stock has a market cap of $4.69 billion, a PE ratio of 212.70 and a beta of 0.88. Arkema has a 12 month low of $56.28 and a 12 month high of $79.36. The stock’s 50 day simple moving average is $67.36 and its 200 day simple moving average is $67.77. The company has a quick ratio of 1.08, a current ratio of 1.52 and a debt-to-equity ratio of 0.42.

Arkema (OTCMKTS:ARKAY) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.12. Arkema had a return on equity of 4.30% and a net margin of 0.67%. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.86 billion. On average, sell-side analysts anticipate that Arkema will post 3.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ARKAY. Barclays raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Arkema in a research note on Tuesday, June 23rd. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Arkema presently has a consensus rating of “Reduce”.

About Arkema

Arkema is a France-based specialty materials company that develops and manufactures materials used in a broad range of industrial and consumer applications. Its portfolio includes high-performance polymers, adhesives, coating materials, additives and specialty chemical intermediates.

The company’s businesses serve markets such as construction, automotive, electronics, renewable energy, consumer goods, packaging and healthcare. Arkema’s brands and product lines include Bostik adhesives, Kynar fluoropolymers, Rilsan polyamide materials, Pebax elastomers and Sartomer specialty resins and additives.

Arkema was established in 2004 through the reorganization of Total’s chemicals businesses and became an independent, publicly traded company in 2006.