Short Interest in Arkema S.A. (OTCMKTS:ARKAY) Drops By 13.9%

Arkema S.A. (OTCMKTS:ARKAY) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 3,100 shares, a decline of 13.9% from the July 31st total of 3,600 shares. Based on an average daily trading volume, of 28,900 shares, the short-interest ratio is currently 0.1 days.

Arkema Price Performance

Shares of ARKAY stock opened at $93.15 on Monday. Arkema has a 12-month low of $84.55 and a 12-month high of $114.15. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 0.42 and a beta of 1.27. The company has a quick ratio of 1.38, a current ratio of 1.86 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average of $89.63 and a 200-day moving average of $98.03.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $2.98 earnings per share (EPS) for the quarter. The company had revenue of $2.73 billion during the quarter. Arkema had a net margin of 3.80% and a return on equity of 8.18%. On average, equities research analysts forecast that Arkema will post 8.87 earnings per share 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.