Short Interest in Arcadium Lithium plc (NYSE:ALTM) Grows By 9.3%

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

Wall Street Analyst Weigh In

ALTM has been the subject of a number of research analyst reports. KeyCorp downgraded shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. Macquarie lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 15th. TD Cowen lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 14th. Hsbc Global Res upgraded shares of Arcadium Lithium to a "hold" rating in a research report on Thursday, October 10th. Finally, Piper Sandler upgraded Arcadium Lithium from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 16th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $11.00.

Arcadium Lithium Stock Up 0.4 %

Shares of NYSE ALTM traded up $0.03 during midday trading on Friday, hitting $5.73. The stock had a trading volume of 9,152,021 shares, compared to its average volume of 23,288,029. The business's 50 day moving average is $5.26 and its 200-day moving average is $4.16. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $5.73. The company has a market cap of $6.16 billion, a P/E ratio of 21.20 and a beta of 1.43.

Arcadium Lithium (NYSE:ALTM - Get Free Report) last announced its quarterly 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 firm had revenue of $203.10 million for the quarter, compared to analysts' expectations of $263.14 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.