Arkema SA (OTCMKTS:ARKAY) Short Interest Up 68.7% in August

Arkema SA (OTCMKTS:ARKAY) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 705 shares, a growth of 68.7% from the July 30th total of 418 shares. Based on an average daily volume of 1,111 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Arkema Stock Up 1.9%

Shares of OTCMKTS:ARKAY opened at $70.49 on Tuesday. The business’s 50 day moving average is $66.68 and its 200 day moving average is $68.32. Arkema has a 12-month low of $56.28 and a 12-month high of $79.36. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 243.07 and a beta of 0.85. The company has a quick ratio of 1.64, a current ratio of 2.25 and a debt-to-equity ratio of 0.53.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.12. Arkema had a return on equity of 4.27% and a net margin of 0.67%.The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.86 billion. On average, sell-side analysts forecast that Arkema will post 3.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Kepler Capital Markets cut Arkema from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Barclays upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Zacks Research upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. The Goldman Sachs Group lowered shares of Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Arkema in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.