Arkema SA (OTCMKTS:ARKAY) Short Interest Update

Key Points

• Short interest in Arkema SA increased by 219.0% from mid-August to the end of August, reaching a total of 6,700 shares, indicating heightened bearish sentiment among investors.
• Wall Street analysts have mixed ratings on Arkema, with a consensus rating of "Moderate Buy", reflecting one Strong Buy, two Buy, two Hold, and one Sell rating.
• Arkema reported earnings of $1.77 per share for the last quarter, missed analyst expectations of $2.09 but exceeded revenue estimates with $2.75 billion in sales.

Arkema SA (OTCMKTS:ARKAY - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 6,700 shares, a growth of 219.0% from the August 15th total of 2,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 9,800 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 9,800 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

ARKAY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Arkema in a research note on Monday, September 8th. Barclays cut shares of Arkema from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Jefferies Financial Group cut shares of Arkema to a "hold" rating in a research note on Monday, June 16th. Finally, Citigroup restated a "buy" rating on shares of Arkema in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Arkema Stock Performance

ARKAY traded down $0.65 during midday trading on Wednesday, hitting $69.10. 1,864 shares of the company traded hands, compared to its average volume of 14,112. The company's 50-day moving average is $71.75 and its 200 day moving average is $74.02. Arkema has a 52 week low of $64.94 and a 52 week high of $98.97. The company has a quick ratio of 1.64, a current ratio of 2.43 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $5.26 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04.

Arkema (OTCMKTS:ARKAY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.32). Arkema had a return on equity of 6.41% and a net margin of 2.41%.The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.29 billion. On average, research analysts expect that Arkema will post 8.36 EPS for the current year.

About Arkema

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The Adhesive Solutions segment provides solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.