Arkema SA (OTCMKTS:ARKAY) Short Interest Update

Arkema SA (OTCMKTS:ARKAY) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 400 shares, a decline of 91.1% from the September 30th total of 4,500 shares. Based on an average trading volume of 38,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 38,100 shares, the days-to-cover ratio is presently 0.0 days.

Arkema Stock Performance

Arkema stock opened at $61.15 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 2.73 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $4.65 billion, a PE ratio of 19.72, a P/E/G ratio of 0.68 and a beta of 1.03. The firm has a fifty day simple moving average of $65.76 and a two-hundred day simple moving average of $70.21. Arkema has a twelve month low of $57.21 and a twelve month high of $91.51.

Arkema (OTCMKTS:ARKAY) last posted its quarterly earnings results 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). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.29 billion. Arkema had a return on equity of 6.36% and a net margin of 2.41%. Research analysts expect that Arkema will post 8.36 EPS for the current year.

Wall Street Analysts Forecast Growth

ARKAY has been the subject of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of Arkema in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Arkema in a research report on Monday, September 8th. Finally, Barclays lowered shares of Arkema from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.