Arcadium Lithium plc (NYSE:ALTM) Sees Significant Growth in Short Interest

Arcadium Lithium plc (NYSE:ALTM) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 45,140,000 shares, an increase of 7.8% from the January 15th total of 41,870,000 shares. Currently, 4.4% of the company’s shares are short sold. Based on an average trading volume of 13,730,000 shares, the days-to-cover ratio is currently 3.3 days.

Analyst Ratings Changes

ALTM has been the topic of several analyst reports. Argus lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. B. Riley lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Scotiabank cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Arcadium Lithium presently has an average rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Stock Down 0.1 %

ALTM traded down $0.01 during trading on Tuesday, hitting $5.83. The company had a trading volume of 14,715,599 shares, compared to its average volume of 18,184,211. The company has a market capitalization of $6.27 billion, a PE ratio of 21.57 and a beta of 1.45. Arcadium Lithium has a one year low of $2.19 and a one year high of $5.84. The firm’s 50-day moving average price is $5.48 and its 200 day moving average price is $4.50.

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.