Arkema SA (OTCMKTS:ARKAY) Short Interest Update

Key Points

• Short interest rose 68.7% to 705 shares as of August 14, up from 418 shares on July 30. Despite the increase, short interest represents approximately 0.0% of shares, with a 0.6-day days-to-cover ratio.
• Analyst sentiment remains cautious, with one Buy, six Hold, and one Sell rating, resulting in an overall “Hold” consensus for Arkema.
• Arkema reported quarterly EPS of $1.98, beating estimates of $1.86, while revenue of $2.79 billion fell short of the $2.86 billion consensus forecast.

Arkema SA (OTCMKTS:ARKAY - Get Free Report) saw a significant growth in short interest in 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 trading volume of 1,111 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the company's shares are short sold.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ARKAY shares. Barclays upgraded Arkema from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 12th. Zacks Research raised Arkema from a "strong sell" rating to a "hold" rating in a research note on Monday, May 4th. The Goldman Sachs Group downgraded shares of Arkema from a "buy" rating to a "neutral" rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Arkema in a research note on Tuesday, June 23rd. Finally, Kepler Capital Markets cut shares of Arkema from a "hold" rating to a "strong sell" rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Arkema Price Performance

ARKAY stock opened at $69.20 on Monday. The stock has a 50-day moving average price of $66.59 and a two-hundred day moving average price of $68.37. Arkema has a 1 year low of $56.28 and a 1 year high of $79.36. The stock has a market cap of $5.26 billion, a PE ratio of 238.62 and a beta of 0.85. The company has a current ratio of 2.25, a quick ratio of 1.64 and a debt-to-equity ratio of 0.53.

Arkema (OTCMKTS:ARKAY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.12. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.86 billion. Arkema had a return on equity of 4.27% and a net margin of 0.67%. Equities analysts forecast that Arkema will post 3.68 EPS for the current fiscal year.

Arkema Company Profile

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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