Arkema S.A. (OTCMKTS:ARKAY) Short Interest Up 400.0% in August
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Arkema S.A. (OTCMKTS:ARKAY) Short Interest Up 400.0% in August

Jul 23, 2023

Arkema S.A. (OTCMKTS:ARKAY - Get Free Report) was the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 500 shares, an increase of 400.0% from the July 31st total of 100 shares. Based on an average daily volume of 2,700 shares, the short-interest ratio is currently 0.2 days.

ARKAY stock traded down $0.98 during midday trading on Friday, hitting $101.02. The stock had a trading volume of 319 shares, compared to its average volume of 1,143. The firm has a market cap of $7.58 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 3.22 and a beta of 1.41. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.20 and a quick ratio of 1.59. Arkema has a 12-month low of $67.88 and a 12-month high of $109.19. The company's 50-day moving average price is $100.07 and its 200 day moving average price is $97.85.

Arkema (OTCMKTS:ARKAY - Get Free Report) last released its earnings results on Friday, July 28th. The basic materials company reported $3.00 EPS for the quarter. The firm had revenue of $2.66 billion during the quarter. Arkema had a net margin of 4.98% and a return on equity of 9.59%. On average, equities research analysts predict that Arkema will post 9.81 earnings per share for the current fiscal year.

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates through Adhesive Solutions, Advanced Materials, Coating Solutions, and Intermediates segments. It also provides adhesive 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.

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