Arkema SA (OTCMKTS:ARKAY) Short Interest Up 309.1% in September

Arkema SA (OTCMKTS:ARKAY) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 4,500 shares, an increase of 309.1% from the September 15th total of 1,100 shares. Based on an average trading volume of 34,800 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 34,800 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARKAY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Arkema in a research report on Monday, September 8th. Barclays downgraded shares of Arkema from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 8th. Finally, Citigroup reiterated a “buy” rating on shares of Arkema in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Arkema Stock Performance

Shares of ARKAY opened at $60.84 on Monday. Arkema has a 1 year low of $57.21 and a 1 year high of $91.81. The stock has a market capitalization of $4.63 billion, a PE ratio of 19.63, a PEG ratio of 0.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.92 and a current ratio of 2.73. The stock has a 50-day simple moving average of $67.00 and a 200-day simple moving average of $70.57.

Arkema (OTCMKTS:ARKAY) last issued its earnings results on Thursday, July 31st. The basic materials company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.32). Arkema had a net margin of 2.41% and a return on equity of 6.36%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.29 billion. On average, analysts predict that Arkema will post 8.36 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.