Arcadium Lithium plc (NYSE:ALTM) Short Interest Update

Arcadium Lithium plc (NYSE:ALTM - Get Free Report) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 58,410,000 shares, an increase of 29.4% from the January 31st total of 45,140,000 shares. Approximately 5.7% of the shares of the company are short sold. Based on an average daily volume of 15,130,000 shares, the short-interest ratio is presently 3.9 days.

Insiders Place Their Bets

In other news, CEO Paul W. Graves sold 234,038 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $5.82, for a total value of $1,362,101.16. Following the sale, the chief executive officer now directly owns 1,332,430 shares of the company's stock, valued at $7,754,742.60. This represents a 14.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Arcadium Lithium stock. Comprehensive Money Management Services LLC bought a new stake in Arcadium Lithium plc (NYSE:ALTM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,050 shares of the company's stock, valued at approximately $82,000. Institutional investors own 27.00% of the company's stock.

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Analyst Upgrades and Downgrades

ALTM has been the topic of a number of recent analyst reports. B. Riley downgraded shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 12th. Scotiabank downgraded shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Argus cut shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.00.

Arcadium Lithium Price Performance

Shares of ALTM traded up $0.01 during mid-day trading on Friday, reaching $5.85. The stock had a trading volume of 93,149,574 shares, compared to its average volume of 20,077,770. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 73.06 and a beta of 1.48. The business's fifty day moving average is $5.69 and its 200 day moving average is $4.80. Arcadium Lithium has a 52-week low of $2.19 and a 52-week high of $5.87.

Arcadium Lithium (NYSE:ALTM - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $289.00 million for the quarter, compared to the consensus estimate of $250.96 million.

About Arcadium Lithium

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.