Arcadium Lithium plc (NYSE:ALTM - Get Free Report) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 45,140,000 shares, a growth of 7.8% from the January 15th total of 41,870,000 shares. Approximately 4.4% of the shares of the stock are short sold. Based on an average trading volume of 13,730,000 shares, the days-to-cover ratio is presently 3.3 days.
Analysts Set New Price Targets
Several research firms have recently weighed in on ALTM. B. Riley lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 12th. Argus downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. Finally, Scotiabank cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Arcadium Lithium has an average rating of "Hold" and a consensus price target of $11.00.
Get Our Latest Stock Analysis on Arcadium Lithium
Arcadium Lithium Stock Performance
ALTM traded down $0.01 during mid-day trading on Friday, reaching $5.83. The stock had a trading volume of 46,278,097 shares, compared to its average volume of 18,930,570. The firm's fifty day simple moving average is $5.52 and its two-hundred day simple moving average is $4.54. The stock has a market capitalization of $6.27 billion, a P/E ratio of 21.57 and a beta of 1.45. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $5.84.
About Arcadium Lithium
(
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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.
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