Arkema SA (OTCMKTS:ARKAY) Sees Large Decline in Short Interest

Key Points

• Arkema SA experienced a significant drop in short interest, decreasing by 83.6% from 6,700 shares in August to 1,100 shares by mid-September.
• The company's stock opened at $63.08 but has shown volatility, with a 12-month low of $62.52 and a high of $97.13.
• Arkema's earnings report indicated an EPS of $1.77 for the last quarter, falling short of estimates, but the company reported better-than-expected revenues of $2.75 billion.

Arkema SA (OTCMKTS:ARKAY - Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,100 shares, a decrease of 83.6% from the August 31st total of 6,700 shares. Based on an average daily volume of 25,500 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 25,500 shares, the days-to-cover ratio is currently 0.0 days.

Arkema Stock Down 1.3%

Shares of ARKAY stock opened at $63.08 on Wednesday. The firm has a fifty day moving average of $69.93 and a 200-day moving average of $72.52. The company has a quick ratio of 1.64, a current ratio of 2.43 and a debt-to-equity ratio of 0.48. Arkema has a 12-month low of $62.52 and a 12-month high of $97.13. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 0.59 and a beta of 1.04.

Arkema (OTCMKTS:ARKAY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.77 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.32). The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.29 billion. Arkema had a net margin of 2.41% and a return on equity of 6.41%. As a group, equities research analysts predict that Arkema will post 8.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ARKAY. Barclays cut Arkema from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Arkema in a report on Monday, September 8th. Citigroup reiterated a "buy" rating on shares of Arkema in a report on Friday, July 11th. Finally, Jefferies Financial Group lowered shares of Arkema to a "hold" rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Arkema has a consensus rating of "Moderate Buy".

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.

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