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

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ALTM shares. Macquarie downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. B. Riley cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Raymond James lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. KeyCorp downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, TD Cowen cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.00.

Arcadium Lithium Stock Down 0.4 %

Shares of NYSE ALTM opened at $5.72 on Tuesday. Arcadium Lithium has a 12-month low of $2.19 and a 12-month high of $5.76. The firm has a market cap of $6.15 billion, a PE ratio of 21.17 and a beta of 1.43. The company’s fifty day simple moving average is $5.35 and its 200 day simple moving average is $4.31.

Arcadium Lithium (NYSE:ALTM) last released 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 business had revenue of $203.10 million during the quarter, compared to analyst estimates of $263.14 million.

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.