Arkema S.A. (OTCMKTS:ARKAY) Sees Large Drop in Short Interest

Arkema S.A. (OTCMKTS:ARKAY) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 500 shares, a decline of 73.7% from the November 30th total of 1,900 shares. Based on an average trading volume of 34,500 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised Arkema from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 31st.

Arkema Stock Performance

OTCMKTS ARKAY traded up $0.40 during trading hours on Friday, hitting $73.51. 24,060 shares of the company’s stock traded hands, compared to its average volume of 6,952. Arkema has a 52 week low of $71.26 and a 52 week high of $114.15. The firm has a market capitalization of $5.59 billion, a P/E ratio of 14.70, a P/E/G ratio of 0.47 and a beta of 1.23. The company has a current ratio of 2.11, a quick ratio of 1.54 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average price is $81.70 and its two-hundred day moving average price is $87.62.

Arkema (OTCMKTS:ARKAY) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $2.45 EPS for the quarter. The firm had revenue of $2.63 billion during the quarter. Arkema had a return on equity of 8.04% and a net margin of 3.82%. Equities research analysts predict that Arkema will post 9.13 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.