Arcadium Lithium plc (NYSE:ALTM) Short Interest Update

Arcadium Lithium plc (NYSE:ALTM) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 45,090,000 shares, a growth of 9.3% from the December 15th total of 41,240,000 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average trading volume of 23,370,000 shares, the days-to-cover ratio is currently 1.9 days.

Analyst Ratings Changes

ALTM has been the subject of several analyst reports. KeyCorp downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Raymond James lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Hsbc Global Res upgraded Arcadium Lithium to a “hold” rating in a report on Thursday, October 10th. Piper Sandler raised Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, B. Riley cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Stock Performance

Shares of NYSE:ALTM traded up $0.03 during midday trading on Monday, hitting $5.73. 9,152,021 shares of the stock were exchanged, compared to its average volume of 23,288,029. The company has a market capitalization of $6.16 billion, a PE ratio of 21.20 and a beta of 1.43. Arcadium Lithium has a 52-week low of $2.19 and a 52-week high of $5.73. The business’s fifty day simple moving average is $5.26 and its two-hundred day simple moving average is $4.16.

Arcadium Lithium (NYSE:ALTM) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm had revenue of $203.10 million during the quarter, compared to the consensus estimate of $263.14 million.

About Arcadium Lithium

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.