Arcadium Lithium plc (NYSE:ALTM) Short Interest Up 9.3% in January

Arcadium Lithium plc (NYSE:ALTM) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 45,090,000 shares, a growth of 9.3% from the December 31st total of 41,240,000 shares. Approximately 4.4% of the company’s stock are sold short. 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

A number of analysts have recently commented on ALTM shares. Piper Sandler upgraded Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 16th. TD Cowen cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. B. Riley downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Hsbc Global Res upgraded Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. Finally, Raymond James downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Arcadium Lithium has an average rating of “Hold” and a consensus target price of $11.00.

Arcadium Lithium Price Performance

ALTM traded down $0.03 during trading on Monday, reaching $5.72. 18,685,737 shares of the stock were exchanged, compared to its average volume of 18,845,555. Arcadium Lithium has a 1 year low of $2.19 and a 1 year high of $5.76. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 21.17 and a beta of 1.43. The business’s 50 day moving average price is $5.35 and its two-hundred day moving average price is $4.31.

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $203.10 million for 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.