Arcadium Lithium plc (NYSE:ALTM) Short Interest Update

Arcadium Lithium plc (NYSE:ALTM) was the recipient 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. Based on an average trading volume of 23,370,000 shares, the short-interest ratio is currently 1.9 days. Approximately 4.4% of the company’s stock are sold short.

Arcadium Lithium Trading Up 0.4 %

ALTM stock traded up $0.03 during trading on Friday, reaching $5.73. The stock had a trading volume of 9,152,021 shares, compared to its average volume of 23,288,029. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $5.73. The stock’s 50 day moving average is $5.26 and its two-hundred day moving average is $4.15. The firm has a market cap of $6.16 billion, a PE ratio of 21.20 and a beta of 1.43.

Arcadium Lithium (NYSE:ALTM) last posted 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 during the quarter, compared to the consensus estimate of $263.14 million.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALTM. Hsbc Global Res raised Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. Argus cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th. B. Riley cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Raymond James cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, KeyCorp cut 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 stock 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.