Short Interest in Arkema SA (OTCMKTS:ARKAY) Grows By 183.3%

Key Points

• Short interest in Arkema SA surged by 183.3% to 306 shares as of March 31, though this still represents approximately 0.0% of shares outstanding and yields a short-interest ratio of 0.0 days given average daily volume.
• Analysts are split—two Buy, three Hold and three Sell—resulting in a MarketBeat consensus rating of Reduce.
• ARKAY opened at $72.48, has a market capitalization of $5.51 billion and a high price-to-earnings ratio of 83.31, with a one-year trading range of $56.28–$79.36.

Arkema SA (OTCMKTS:ARKAY - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 306 shares, an increase of 183.3% from the March 15th total of 108 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 10,994 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ARKAY. Kepler Capital Markets cut shares of Arkema from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 27th. The Goldman Sachs Group upgraded shares of Arkema from a "hold" rating to a "buy" rating in a research note on Tuesday, February 10th. Zacks Research cut shares of Arkema from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Arkema in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce".

Arkema Stock Up 1.9%

ARKAY stock opened at $72.48 on Friday. Arkema has a one year low of $56.28 and a one year high of $79.36. The stock has a market capitalization of $5.51 billion, a PE ratio of 83.31, a price-to-earnings-growth ratio of 1.74 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. The company has a fifty day moving average of $67.61 and a 200-day moving average of $62.95.

About Arkema

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.