Arcadium Lithium plc (NYSE:ALTM) Short Interest Update

Arcadium Lithium plc (NYSE:ALTM) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 58,410,000 shares, an increase of 29.4% from the January 31st total of 45,140,000 shares. Currently, 5.7% of the shares of the company are sold short. Based on an average daily trading volume, of 15,130,000 shares, the days-to-cover ratio is currently 3.9 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ALTM shares. B. Riley cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Scotiabank downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Argus lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating, According to MarketBeat.com, Arcadium Lithium presently has a consensus rating of “Hold” and an average price target of $11.00.

Insider Buying and Selling

In other news, CEO Paul W. Graves sold 234,038 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $5.82, for a total transaction of $1,362,101.16. Following the completion of the transaction, the chief executive officer now directly owns 1,332,430 shares in the company, valued at approximately $7,754,742.60. The trade was a 14.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.39% of the stock is owned by company insiders.

Institutional Trading of Arcadium Lithium

An institutional investor recently bought a new position in Arcadium Lithium stock. Comprehensive Money Management Services LLC acquired a new position in shares of Arcadium Lithium plc (NYSE:ALTM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,050 shares of the company’s stock, valued at approximately $82,000. Institutional investors and hedge funds own 27.00% of the company’s stock.

Arcadium Lithium Stock Performance

Shares of NYSE ALTM traded up $0.01 during trading on Wednesday, hitting $5.85. The company had a trading volume of 93,149,574 shares, compared to its average volume of 20,077,770. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $5.87. The business’s 50-day moving average is $5.65 and its 200 day moving average is $4.75. The company has a market cap of $6.29 billion, a P/E ratio of 73.06 and a beta of 1.45.

Arcadium Lithium (NYSE:ALTM) last announced its earnings results on Thursday, February 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $289.00 million during the quarter, compared to the consensus estimate of $250.96 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.