Short Interest in Arkema S.A. (OTCMKTS:ARKAY) Drops By 50.0%

Arkema S.A. (OTCMKTS:ARKAY) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 200 shares, a drop of 50.0% from the March 15th total of 400 shares. Based on an average daily trading volume, of 2,500 shares, the short-interest ratio is currently 0.1 days.

Arkema Price Performance

ARKAY stock opened at $103.22 on Friday. Arkema has a twelve month low of $85.58 and a twelve month high of $114.15. The company has a quick ratio of 1.64, a current ratio of 2.25 and a debt-to-equity ratio of 0.40. The company has a market cap of $7.75 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 0.46 and a beta of 1.37. The business’s 50-day simple moving average is $104.35 and its 200 day simple moving average is $102.53.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings data on Thursday, February 29th. The basic materials company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.33). The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.44 billion. Arkema had a return on equity of 8.92% and a net margin of 4.40%. On average, research analysts anticipate that Arkema will post 9.42 earnings per share for the current year.

About Arkema

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.