Short Interest in Arkema S.A. (OTCMKTS:ARKAY) Declines By 99.3%

Arkema S.A. (OTCMKTS:ARKAY) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 200 shares, a decline of 99.3% from the January 15th total of 29,100 shares. Based on an average daily volume of 32,000 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Arkema from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 31st.

Arkema Stock Up 1.9 %

Shares of ARKAY opened at $84.39 on Thursday. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 0.52 and a beta of 1.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.54 and a current ratio of 2.11. The business’s fifty day moving average price is $77.45 and its two-hundred day moving average price is $84.44. Arkema has a 52 week low of $71.26 and a 52 week high of $111.79.

About Arkema

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.