Braskem S.A. (NYSE:BAK – Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 1,870,000 shares, a decrease of 15.4% from the July 15th total of 2,210,000 shares. Based on an average trading volume of 676,600 shares, the days-to-cover ratio is currently 2.8 days.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. lowered their price target on Braskem from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, May 24th.
Check Out Our Latest Stock Report on Braskem
Institutional Inflows and Outflows
Braskem Price Performance
BAK traded up $0.14 during trading on Friday, hitting $6.22. 340,657 shares of the company traded hands, compared to its average volume of 874,051. The company has a current ratio of 1.46, a quick ratio of 0.95 and a debt-to-equity ratio of 23.25. The company has a market cap of $2.81 billion, a PE ratio of -1.93 and a beta of 2.05. The stock’s 50-day simple moving average is $6.50 and its two-hundred day simple moving average is $7.71. Braskem has a 1 year low of $5.28 and a 1 year high of $10.98.
Braskem Company Profile
Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.
Featured Articles
- Five stocks we like better than Braskem
- What are earnings reports?
- This Small Cap Wealth Management Stock Could Provide Big Returns
- What Investors Need to Know to Beat the Market
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Stock Market Sectors: What Are They and How Many Are There?
- MarketBeat Week in Review – 8/12 – 8/16
Receive News & Ratings for Braskem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braskem and related companies with MarketBeat.com's FREE daily email newsletter.