Short Interest in Arcadium Lithium plc (NYSE:ALTM) Grows By 7.8%

Arcadium Lithium plc (NYSE:ALTM) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 45,140,000 shares, an increase of 7.8% from the January 15th total of 41,870,000 shares. Approximately 4.4% of the company’s shares are short sold. Based on an average trading volume of 13,730,000 shares, the days-to-cover ratio is currently 3.3 days.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Argus cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. B. Riley lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Scotiabank lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Arcadium Lithium presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Stock Down 0.1 %

Arcadium Lithium stock traded down $0.01 during mid-day trading on Tuesday, hitting $5.83. 14,715,599 shares of the company’s stock were exchanged, compared to its average volume of 18,184,211. The company’s 50 day simple moving average is $5.48 and its 200-day simple moving average is $4.50. The firm has a market capitalization of $6.27 billion, a P/E ratio of 21.57 and a beta of 1.45. Arcadium Lithium has a fifty-two week low of $2.19 and a fifty-two week high of $5.84.

Arcadium Lithium Company Profile

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.