Arkema SA (OTCMKTS:ARKAY) Stock Short Interest Declines 97.3%

Arkema SA (OTCMKTS:ARKAY) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 7 shares, a drop of 97.3% from the October 15th total of 259 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,368 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Arkema Trading Up 0.2%

Shares of Arkema stock traded up $0.14 during trading hours on Tuesday, reaching $64.47. 1,471 shares of the company’s stock were exchanged, compared to its average volume of 2,680. Arkema has a 52-week low of $56.28 and a 52-week high of $79.36. The company has a fifty day moving average of $63.99 and a 200-day moving average of $67.00. The company has a current ratio of 1.52, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 103.98 and a beta of 0.87.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings data on Thursday, November 5th. The basic materials company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09). The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arkema had a net margin of 0.67% and a return on equity of 4.30%. Sell-side analysts forecast that Arkema will post 3.73 EPS for the current fiscal year.

Arkema Company Profile

Arkema is a France-based specialty materials and chemicals company serving customers in markets such as construction, transportation, electronics, packaging and consumer goods. The company develops and manufactures specialty adhesives, high-performance materials and coating solutions, alongside selected intermediates used in industrial applications. Its products include advanced polymers, specialty resins and additives, and adhesive technologies. Arkema sells to customers across a broad range of industries and operates internationally, with a presence in Europe, the Americas and Asia.