Short Interest in Arkema S.A. (OTCMKTS:ARKAY) Declines By 99.3%

Arkema S.A. (OTCMKTS:ARKAY) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 200 shares, a decline of 99.3% from the January 15th total of 29,100 shares. Based on an average daily volume of 32,000 shares, the days-to-cover ratio is currently 0.0 days.

Arkema Trading Up 1.9 %

ARKAY opened at $84.39 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.11 and a quick ratio of 1.54. Arkema has a fifty-two week low of $71.26 and a fifty-two week high of $111.79. The firm has a market capitalization of $6.42 billion, a PE ratio of 16.88, a P/E/G ratio of 0.52 and a beta of 1.22. The company’s 50-day moving average is $77.45 and its 200 day moving average is $84.44.

Wall Street Analyst Weigh In

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

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.