Arkema SA (OTCMKTS:ARKAY) Short Interest Up 68.7% in August

Arkema SA (OTCMKTS:ARKAYGet Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 705 shares, a growth of 68.7% from the July 30th total of 418 shares. Based on an average daily trading volume, of 1,111 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a research note on Tuesday, June 23rd. Barclays raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group downgraded Arkema from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Finally, Kepler Capital Markets downgraded Arkema from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Get Our Latest Stock Report on Arkema

Arkema Price Performance

Shares of ARKAY opened at $70.49 on Wednesday. Arkema has a 12 month low of $56.28 and a 12 month high of $79.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.25 and a quick ratio of 1.64. The stock has a fifty day moving average price of $66.80 and a 200 day moving average price of $68.27. The company has a market cap of $5.36 billion, a P/E ratio of 243.07 and a beta of 0.85.

Arkema (OTCMKTS:ARKAYGet Free Report) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.12. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Arkema had a net margin of 0.67% and a return on equity of 4.27%. On average, research analysts forecast that Arkema will post 3.68 earnings per share for the current year.

Arkema Company Profile

(Get Free Report)

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.

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