Arcadium Lithium plc (NYSE:ALTM) Short Interest Up 9.3% in June

Arcadium Lithium plc (NYSE:ALTM) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 76,330,000 shares, an increase of 9.3% from the May 31st total of 69,850,000 shares. Approximately 7.1% of the company’s stock are sold short. Based on an average daily trading volume, of 9,350,000 shares, the short-interest ratio is currently 8.2 days.

Arcadium Lithium Stock Down 3.0 %

Shares of ALTM opened at 3.26 on Tuesday. The firm’s 50 day simple moving average is 4.17. Arcadium Lithium has a 12 month low of 3.10 and a 12 month high of 29.17. The stock has a market capitalization of $3.51 billion, a P/E ratio of 3.13 and a beta of 1.66.

Arcadium Lithium (NYSE:ALTM) last released its earnings results on Tuesday, May 7th. The company reported 0.06 earnings per share for the quarter, beating analysts’ consensus estimates of 0.03 by 0.03. The company had revenue of 261.20 million during the quarter, compared to analysts’ expectations of 269.60 million.

Analyst Ratings Changes

ALTM has been the topic of a number of analyst reports. Royal Bank of Canada upgraded shares of Arcadium Lithium to a “moderate buy” rating in a report on Tuesday, June 25th. KeyCorp dropped their target price on Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th.

Arcadium Lithium Company Profile

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.