Arkema S.A. (OTCMKTS:ARKAY) Short Interest Down 21.7% in October

Arkema S.A. (OTCMKTS:ARKAY - Get Free Report) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,800 shares, a decline of 21.7% from the October 15th total of 2,300 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is presently 0.1 days.

Arkema Trading Up 0.1 %

OTCMKTS ARKAY traded up $0.08 on Friday, reaching $82.27. 37,316 shares of the company were exchanged, compared to its average volume of 4,792. Arkema has a fifty-two week low of $79.57 and a fifty-two week high of $114.15. The stock has a market capitalization of $6.26 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. The business's fifty day moving average price is $89.96 and its 200 day moving average price is $92.87. The company has a current ratio of 1.86, a quick ratio of 1.38 and a debt-to-equity ratio of 0.38.

Arkema (OTCMKTS:ARKAY - Get Free Report) last released its earnings results on Wednesday, November 6th. The basic materials company reported $2.45 EPS for the quarter. Arkema had a return on equity of 7.99% and a net margin of 3.82%. The firm had revenue of $2.63 billion during the quarter. Analysts forecast that Arkema will post 8.89 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded shares of Arkema from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 31st.

Arkema Company Profile

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The Adhesive Solutions segment provides solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.