Short Interest in Arkema SA (OTCMKTS:ARKAY) Grows By 86.2%

Key Points

• Short interest in Arkema rose by 86.2% to 108 shares as of March 13, but this remains negligible—about 0.0% of shares sold short with a days-to-cover of 0.0 due to average daily volume.
• Analyst sentiment is mixed with an average rating of Reduce (2 Buys, 3 Holds, 3 Sells); recent notable moves include Goldman Sachs upgrading to Buy, Kepler cutting to Hold, and Zacks downgrading to Strong Sell.
• The stock trades near $63.69 with a market capitalization of $4.84 billion and a P/E of 73.21, indicating a relatively high valuation versus earnings.

Arkema SA (OTCMKTS:ARKAY - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 108 shares, a growth of 86.2% from the February 26th total of 58 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 6,988 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Kepler Capital Markets cut shares of Arkema from a "strong-buy" rating to a "hold" rating in a report on Friday, February 27th. The Goldman Sachs Group upgraded shares of Arkema from a "hold" rating to a "buy" rating in a report on Tuesday, February 10th. Finally, Zacks Research downgraded shares of Arkema from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce".

Arkema Stock Up 1.6%

ARKAY opened at $63.69 on Thursday. Arkema has a one year low of $56.28 and a one year high of $80.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.26 and a current ratio of 2.13. The stock has a market capitalization of $4.84 billion, a P/E ratio of 73.21, a price-to-earnings-growth ratio of 1.54 and a beta of 0.87. The business's 50-day simple moving average is $65.73 and its 200-day simple moving average is $62.94.

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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