Arkema SA (OTCMKTS:ARKAY) Short Interest Up 150.8% in May

Arkema SA (OTCMKTS:ARKAY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 637 shares, a growth of 150.8% from the April 30th total of 254 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,633 shares, the short-interest ratio is presently 0.2 days.

Arkema Price Performance

Arkema stock opened at $71.60 on Monday. The company has a 50-day simple moving average of $69.91 and a 200-day simple moving average of $65.59. The firm has a market capitalization of $5.45 billion, a P/E ratio of 286.40 and a beta of 0.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.64 and a current ratio of 2.25. Arkema has a one year low of $56.28 and a one year high of $79.36.

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

Wall Street Analyst Weigh In

ARKAY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a research report on Thursday, April 9th. Sanford C. Bernstein upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Kepler Capital Markets lowered shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. The Goldman Sachs Group upgraded shares of Arkema from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Finally, Berenberg Bank lowered shares of Arkema from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Arkema has a consensus rating of “Hold”.

About Arkema

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.