Short Interest in Arkema S.A. (OTCMKTS:ARKAY) Decreases By 80.0%

Arkema S.A. (OTCMKTS:ARKAY) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 100 shares, a drop of 80.0% from the December 15th total of 500 shares. Based on an average daily trading volume, of 56,600 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Arkema Stock Up 2.8 %

Shares of OTCMKTS ARKAY opened at $74.07 on Tuesday. The stock has a fifty day moving average price of $78.30 and a 200 day moving average price of $86.05. 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 12-month low of $71.26 and a 12-month high of $111.79. The company has a market cap of $5.63 billion, a P/E ratio of 14.81, a P/E/G ratio of 0.47 and a beta of 1.23.

Arkema (OTCMKTS:ARKAY) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter. The business 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%. Research analysts anticipate that Arkema will post 9.13 EPS 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.