Arcadium Lithium plc (NYSE:ALTM) Short Interest Update

Arcadium Lithium plc (NYSE:ALTM - Get Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 45,090,000 shares, a growth of 9.3% from the December 31st total of 41,240,000 shares. Approximately 4.4% of the company's stock are short sold. Based on an average daily volume of 23,370,000 shares, the short-interest ratio is currently 1.9 days.

Arcadium Lithium Price Performance

Arcadium Lithium stock traded down $0.02 during trading hours on Wednesday, hitting $5.74. The company had a trading volume of 3,876,744 shares, compared to its average volume of 17,692,002. Arcadium Lithium has a one year low of $2.19 and a one year high of $5.76. The firm has a 50-day moving average of $5.37 and a 200 day moving average of $4.35. The firm has a market cap of $6.17 billion, a PE ratio of 21.24 and a beta of 1.45.

Arcadium Lithium (NYSE:ALTM - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The business had revenue of $203.10 million for the quarter, compared to analysts' expectations of $263.14 million.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Hsbc Global Res upgraded Arcadium Lithium to a "hold" rating in a report on Thursday, October 10th. Piper Sandler raised Arcadium Lithium from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 16th. Argus downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. Scotiabank cut shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, KeyCorp cut shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.