Arcadium Lithium plc (NYSE:ALTM) Short Interest Update

Arcadium Lithium plc (NYSE:ALTM) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 45,090,000 shares, a growth of 9.3% from the December 15th total of 41,240,000 shares. Based on an average daily volume of 23,370,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 4.4% of the shares of the stock are short sold.

Arcadium Lithium Price Performance

Shares of Arcadium Lithium stock traded up $0.03 on Friday, reaching $5.73. The company had a trading volume of 9,152,021 shares, compared to its average volume of 23,288,029. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 21.20 and a beta of 1.43. The firm’s 50-day moving average price is $5.26 and its two-hundred day moving average price is $4.15. Arcadium Lithium has a 1 year low of $2.19 and a 1 year high of $5.73.

Arcadium Lithium (NYSE:ALTM) last announced its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm had revenue of $203.10 million during the quarter, compared to analysts’ expectations of $263.14 million.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Raymond James downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. TD Cowen cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Argus cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. B. Riley cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, KeyCorp cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Company Profile

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.