Arkema S.A. (OTCMKTS:ARKAY) Short Interest Down 21.7% in October

Arkema S.A. (OTCMKTS:ARKAY) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,800 shares, a decrease of 21.7% from the October 15th total of 2,300 shares. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of Arkema from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

Arkema Stock Up 2.2 %

ARKAY stock opened at $82.19 on Friday. The business’s 50-day simple moving average is $90.14 and its 200 day simple moving average is $92.95. The company has a quick ratio of 1.38, a current ratio of 1.86 and a debt-to-equity ratio of 0.38. The company has a market cap of $6.25 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. Arkema has a twelve month low of $79.57 and a twelve month high of $114.15.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share for the quarter. The company had revenue of $2.63 billion for the quarter. Arkema had a return on equity of 7.99% and a net margin of 3.82%. On average, research analysts anticipate that Arkema will post 8.96 earnings per share for the current year.

Arkema Company Profile

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The Adhesive Solutions segment provides solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.