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

Arkema S.A. (OTCMKTS:ARKAY) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totalling 100 shares, a drop of 80.0% from the December 31st total of 500 shares. Based on an average daily volume of 56,600 shares, the days-to-cover ratio is presently 0.0 days.

Arkema Stock Performance

OTCMKTS ARKAY traded down $1.08 on Tuesday, hitting $80.77. 25,483 shares of the stock were exchanged, compared to its average volume of 25,858. The company has a market capitalization of $6.14 billion, a PE ratio of 16.15, a P/E/G ratio of 0.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.11 and a quick ratio of 1.54. The business’s fifty day moving average is $76.97 and its 200 day moving average is $85.21. Arkema has a 52 week low of $71.26 and a 52 week high of $111.79.

Arkema (OTCMKTS:ARKAY) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter. The business had revenue of $2.63 billion during the quarter. Arkema had a net margin of 3.82% and a return on equity of 8.04%. Research analysts anticipate that Arkema will post 8.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised 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.