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

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

Analyst Upgrades and Downgrades

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

Arkema Trading Up 1.1 %

ARKAY traded up $0.77 during trading on Friday, reaching $74.28. 22,512 shares of the company’s stock were exchanged, compared to its average volume of 7,019. The company has a current ratio of 2.11, a quick ratio of 1.54 and a debt-to-equity ratio of 0.48. Arkema has a one year low of $71.26 and a one year high of $113.04. The firm has a fifty day moving average price of $81.35 and a two-hundred day moving average price of $87.47. The stock has a market capitalization of $5.65 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.47 and a beta of 1.23.

Arkema (OTCMKTS:ARKAY) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share for the quarter. The company had revenue of $2.63 billion for the quarter. Arkema had a net margin of 3.82% and a return on equity of 8.04%. As a group, equities research analysts forecast that Arkema will post 9.13 earnings per share for the current fiscal year.

Arkema Company Profile

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.