Arkema SA (OTCMKTS:ARKAY) Shares Shorted: Short Interest Up 619.4% in October

Arkema SA (OTCMKTS:ARKAY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 259 shares, an increase of 619.4% from the September 30th total of 36 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,544 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Arkema Trading Up 0.9%

ARKAY opened at $61.34 on Wednesday. Arkema has a 52-week low of $56.28 and a 52-week high of $79.36. The company has a 50 day moving average of $65.12 and a two-hundred day moving average of $66.84.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.12. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.86 billion. On average, research analysts expect that Arkema will post 3.73 EPS for the current fiscal year.

Arkema Company Profile

Arkema is a France-based global specialty materials company that develops and manufactures products used in a wide range of industrial and consumer applications. Its portfolio includes specialty adhesives, high-performance polymers, acrylic materials, coating resins, additives and other chemical solutions designed to improve durability, performance and sustainability.

The company operates through businesses focused on Adhesive Solutions, Advanced Materials and Coating Solutions. Its products serve markets such as construction, automotive, electronics, packaging, renewable energy, consumer goods and industrial manufacturing.