Arkema SA (OTCMKTS:ARKAY) Short Interest Update

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ARKAY shares. The Goldman Sachs Group cut shares of Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Barclays upgraded Arkema from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Arkema in a research note 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Arkema Price Performance

Shares of ARKAY traded up $0.05 during mid-day trading on Monday, reaching $64.55. The company had a trading volume of 659 shares, compared to its average volume of 2,858. The company’s 50 day simple moving average is $67.86 and its 200 day simple moving average is $67.81. 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 quick ratio of 1.08 and a current ratio of 1.52. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 222.59 and a beta of 0.85.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.12. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Arkema had a net margin of 0.67% and a return on equity of 4.30%. Analysts expect that Arkema will post 3.68 EPS for the current year.

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.