Arkema SA (OTCMKTS:ARKAY) Stock Short Interest Report for October

Key Points

• Arkema’s short interest surged 619.4% in October to 259 shares from 36 shares, though short positions still represented 0.0% of outstanding shares and only 0.1 days of trading volume to cover.
• Analyst sentiment remains cautious: Barclays upgraded the stock from “strong sell” to “hold,” but the broader consensus among seven analysts is still “Reduce,” with six Holds and one Sell.
• Arkema shares opened at $61.08, below their 50-day and 200-day moving averages. In its latest quarter, the company beat EPS estimates ($1.98 versus $1.86) but reported revenue below expectations.

Arkema SA (OTCMKTS:ARKAY - Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 259 shares, an increase of 619.4% from the September 30th total of 36 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 2,544 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of Arkema from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce".

Arkema Stock Up 0.1%

ARKAY stock opened at $61.08 on Tuesday. The stock's 50 day simple moving average is $65.54 and its 200 day simple moving average is $66.84. Arkema has a fifty-two week low of $56.28 and a fifty-two week high of $79.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.52. The company has a market cap of $4.65 billion, a P/E ratio of 13.04 and a beta of 0.88.

Arkema (OTCMKTS:ARKAY - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.12. Arkema had a return on equity of 4.30% and a net margin of 0.67%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.86 billion. On average, research analysts expect that Arkema will post 3.73 earnings per share for the current fiscal year.

About Arkema

Arkema is a France-based global specialty materials company that develops and manufactures products used in a wide range of industrial and consumer applications. Its portfolio includes specialty adhesives, high-performance polymers, acrylic materials, coating resins, additives and other chemical solutions designed to improve durability, performance and sustainability.

The company operates through businesses focused on Adhesive Solutions, Advanced Materials and Coating Solutions. Its products serve markets such as construction, automotive, electronics, packaging, renewable energy, consumer goods and industrial manufacturing.

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