Arkema SA (OTCMKTS:ARKAY) Short Interest Up 173.3% in May

Arkema SA (OTCMKTS:ARKAY) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,741 shares, a growth of 173.3% from the May 14th total of 637 shares. Based on an average daily trading volume, of 1,470 shares, the short-interest ratio is presently 1.2 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ARKAY shares. Berenberg Bank downgraded shares of Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. The Goldman Sachs Group downgraded shares of Arkema from a “buy” rating to a “neutral” rating in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a research report on Thursday, April 9th. Zacks Research raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Kepler Capital Markets lowered shares of Arkema from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Arkema Stock Performance

ARKAY stock opened at $66.77 on Friday. The company has a 50 day moving average price of $70.89 and a 200 day moving average price of $66.21. Arkema has a fifty-two week low of $56.28 and a fifty-two week high of $79.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.25 and a quick ratio of 1.64. The stock has a market capitalization of $5.08 billion, a PE ratio of 267.08 and a beta of 0.84.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.10. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. Arkema had a return on equity of 4.06% and a net margin of 0.46%. Analysts forecast that Arkema will post 3.89 EPS for the current year.

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.