Arkema SA (OTCMKTS:ARKAY) Short Interest Update

Arkema SA (OTCMKTS:ARKAY) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,858 shares, an increase of 133.4% from the August 31st total of 796 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,376 shares, the days-to-cover ratio is presently 0.8 days.

Arkema Stock Performance

Shares of Arkema stock opened at $64.68 on Tuesday. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 223.03 and a beta of 0.85. The firm’s 50-day moving average is $67.92 and its 200 day moving average is $67.83. Arkema has a 1 year low of $56.28 and a 1 year high of $79.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.52 and a quick ratio of 1.08.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.86 by $0.12. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.86 billion. Arkema had a net margin of 0.67% and a return on equity of 4.30%. Sell-side analysts anticipate that Arkema will post 3.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ARKAY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Arkema in a report on Tuesday, June 23rd. The Goldman Sachs Group downgraded Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, Barclays raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Arkema

Arkema is a France-based specialty materials company that develops and manufactures high-performance materials for industrial and consumer applications. Its portfolio includes advanced polymers, adhesives, coating materials, specialty additives and other chemical products designed to improve durability, performance and sustainability.

The company serves industries such as automotive, construction, consumer goods, electronics, energy, packaging, sports and healthcare. Its products include specialty adhesives, acrylic and fluoropolymer materials, technical resins, coating solutions and materials used in lightweight, durable and lower-impact applications.

Arkema was established in 2004 following the reorganization of Total’s chemicals businesses and has expanded into a global specialty materials group with operations and customers across Europe, North America, Asia and other international markets.