Short Interest in Arkema S.A. (OTCMKTS:ARKAY) Decreases By 42.9%

Arkema S.A. (OTCMKTS:ARKAY) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 400 shares, a drop of 42.9% from the February 29th total of 700 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is currently 0.2 days.

Arkema Stock Performance

Shares of ARKAY opened at $103.60 on Thursday. Arkema has a 12-month low of $85.58 and a 12-month high of $114.15. The stock has a market cap of $7.77 billion, a P/E ratio of 17.86, a PEG ratio of 0.45 and a beta of 1.38. The company has a current ratio of 2.25, a quick ratio of 1.64 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $104.98 and a two-hundred day moving average of $101.85.

Arkema (OTCMKTS:ARKAY) last announced its earnings results on Thursday, February 29th. The basic materials company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.33). Arkema had a net margin of 4.40% and a return on equity of 8.92%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.44 billion. As a group, research analysts predict that Arkema will post 9.42 EPS for the current fiscal year.

About Arkema

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.