Short Interest in Arkema S.A. (OTCMKTS:ARKAY) Rises By 29,000.0%

Arkema S.A. (OTCMKTS:ARKAY) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 29,100 shares, a growth of 29,000.0% from the December 31st total of 100 shares. Based on an average daily trading volume, of 63,500 shares, the days-to-cover ratio is presently 0.5 days.

Arkema Trading Down 0.7 %

Shares of OTCMKTS:ARKAY traded down $0.55 on Thursday, reaching $80.22. 19,224 shares of the company traded hands, compared to its average volume of 23,461. The business’s 50-day simple moving average is $76.97 and its 200 day simple moving average is $85.10. Arkema has a 52 week low of $71.26 and a 52 week high of $111.79. The stock has a market capitalization of $6.10 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 0.48 and a beta of 1.23. The company has a current ratio of 2.11, a quick ratio of 1.54 and a debt-to-equity ratio of 0.48.

Arkema (OTCMKTS:ARKAY) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share for the quarter. The company 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%. As a group, equities analysts anticipate that Arkema will post 8.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Arkema

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.