Arcadium Lithium plc (NYSE:ALTM) Short Interest Update

Arcadium Lithium plc (NYSE:ALTM) was the target of a significant increase in short interest in 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 days-to-cover ratio is currently 1.9 days. Currently, 4.4% of the shares of the stock are sold short.

Arcadium Lithium Trading Up 0.4 %

Shares of ALTM traded up $0.03 on Monday, reaching $5.73. 9,152,021 shares of the company’s stock were exchanged, compared to its average volume of 23,288,029. The business has a 50 day moving average price of $5.26 and a two-hundred day moving average price of $4.16. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $5.73. The stock has a market capitalization of $6.16 billion, a P/E ratio of 21.20 and a beta of 1.43.

Arcadium Lithium (NYSE:ALTM) last posted its quarterly 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 firm had revenue of $203.10 million during the quarter, compared to the consensus estimate of $263.14 million.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Scotiabank cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. B. Riley cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Hsbc Global Res upgraded Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. Macquarie downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, TD Cowen lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat, Arcadium Lithium currently has an average rating of “Hold” and an average price target of $11.00.

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.