Arkema SA (OTCMKTS:ARKAY) Sees Large Decline in Short Interest

Arkema SA (OTCMKTS:ARKAY) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 7 shares, a decrease of 99.3% from the January 15th total of 1,065 shares. Based on an average daily volume of 21,622 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 21,622 shares, the days-to-cover ratio is currently 0.0 days.

Arkema Stock Performance

ARKAY opened at $77.32 on Wednesday. Arkema has a twelve month low of $56.28 and a twelve month high of $91.51. The firm has a market capitalization of $5.88 billion, a PE ratio of 37.17, a PEG ratio of 1.43 and a beta of 0.90. The company has a current ratio of 3.07, a quick ratio of 2.26 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average price is $61.60 and its 200 day moving average price is $63.67.

Wall Street Analysts Forecast Growth

ARKAY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded Arkema from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Barclays cut shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. The Goldman Sachs Group upgraded shares of Arkema from a “neutral” rating to a “buy” rating in a research report on Tuesday. Finally, Zacks Research cut shares of Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Arkema currently has a consensus rating of “Reduce”.

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.