Arcadium Lithium plc (NYSE:ALTM) Short Interest Up 7.8% in January

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

Arcadium Lithium Trading Down 0.1 %

Shares of Arcadium Lithium stock traded down $0.01 on Tuesday, reaching $5.83. 14,715,599 shares of the company were exchanged, compared to its average volume of 18,184,211. The company has a market capitalization of $6.27 billion, a price-to-earnings 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 company has a 50-day moving average of $5.48 and a 200 day moving average of $4.50.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ALTM shares. B. Riley cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Argus lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Scotiabank downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.