Arkema S.A. (OTCMKTS:ARKAY) Sees Large Drop in Short Interest

Arkema S.A. (OTCMKTS:ARKAYGet Free Report) saw a significant decrease in short interest in 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 short-interest ratio is currently 0.1 days.

Arkema Price Performance

ARKAY opened at $82.27 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.38 and a current ratio of 1.86. The stock has a market capitalization of $6.26 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. The stock’s 50 day moving average price is $89.96 and its 200-day moving average price is $92.87. Arkema has a 52-week low of $79.57 and a 52-week high of $114.15.

Arkema (OTCMKTS:ARKAYGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter. Arkema had a net margin of 3.82% and a return on equity of 7.99%. The business had revenue of $2.63 billion for the quarter. On average, equities research analysts predict that Arkema will post 8.89 EPS for the current year.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on ARKAY

About Arkema

(Get Free Report)

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.

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