Arcadium Lithium plc (NYSE:ALTM) Short Interest Update

Arcadium Lithium plc (NYSE:ALTM - Get Free Report) was the target of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 45,500,000 shares, a drop of 8.8% from the November 15th total of 49,900,000 shares. Based on an average daily trading volume, of 22,630,000 shares, the short-interest ratio is currently 2.0 days. Currently, 4.4% of the company's shares are short sold.

Arcadium Lithium Price Performance

Shares of NYSE:ALTM traded down $0.03 on Tuesday, reaching $5.06. 11,567,032 shares of the company traded hands, compared to its average volume of 15,030,735. The company's 50 day moving average is $5.31 and its 200-day moving average is $3.88. The stock has a market capitalization of $5.44 billion, a PE ratio of 18.83 and a beta of 1.44. Arcadium Lithium has a fifty-two week low of $2.19 and a fifty-two week high of $18.77.

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

Analysts Set New Price Targets

ALTM has been the subject of a number of recent research reports. TD Cowen downgraded shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 14th. Scotiabank downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. UBS Group upgraded shares of Arcadium Lithium to a "hold" rating in a research report on Tuesday, September 3rd. Argus downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 12th. Finally, Piper Sandler upgraded Arcadium Lithium from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 16th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the stock 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.

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