Arkema S.A. (OTCMKTS:ARKAY) Short Interest Down 80.0% in December

Arkema S.A. (OTCMKTS:ARKAY) was the target of a significant drop in short interest in 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 days-to-cover ratio is presently 0.0 days.

Arkema Trading Up 0.3 %

Shares of ARKAY stock opened at $74.29 on Wednesday. The stock has a 50-day moving average of $78.04 and a 200-day moving average of $85.96. The company has a current ratio of 2.11, a quick ratio of 1.54 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.47 and a beta of 1.23. Arkema has a 1-year low of $71.26 and a 1-year high of $111.79.

Arkema (OTCMKTS:ARKAY) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share for the quarter. The firm 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%. On average, equities research analysts forecast that Arkema will post 9.13 earnings per share for the current year.

Analysts Set New Price Targets

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

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.