Short Interest in Arkema SA (OTCMKTS:ARKAY) Expands By 260.8%

Key Points

• Short interest in Arkema SA surged 260.8% in April to 1,104 shares as of April 15, but still represents only 0.0% of shares sold short and a very low days-to-cover ratio of 0.3 based on average daily volume.
• The analyst consensus is an average rating of Hold (2 Buys, 5 Holds, 2 Sells) after several recent downgrades from firms including Zacks and Kepler.
• Shares opened at $72.31, trade in a 1-year range of $56.28–$79.36, and the company has a market cap of $5.50 billion with a P/E of 83.12.

Arkema SA (OTCMKTS:ARKAY - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 1,104 shares, a growth of 260.8% from the March 31st total of 306 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 3,497 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

ARKAY has been the topic of several research reports. Zacks Research lowered shares of Arkema from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 6th. Kepler Capital Markets lowered shares of Arkema from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Arkema in a research report on Thursday, April 9th. Sanford C. Bernstein upgraded shares of Arkema from a "strong sell" rating to a "hold" rating in a research report on Monday. Finally, Berenberg Bank lowered shares of Arkema from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Arkema currently has an average rating of "Hold".

Arkema Stock Down 0.5%

Shares of OTCMKTS ARKAY opened at $72.31 on Friday. Arkema has a 1 year low of $56.28 and a 1 year high of $79.36. The firm's 50 day moving average price is $67.87 and its 200 day moving average price is $63.52. The firm has a market cap of $5.50 billion, a P/E ratio of 83.12 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.63 and a current ratio of 2.13.

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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