As of the close of business on Thursday, 8/4, we captured the Top 10 Highest Short Interest % stocks within the Basic Materials Sector. The average short interest for stocks within the Basic Materials sector stands at 2.88%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.
Albemarle Corp (ALB), the world's largest producer of lithium for electric vehicle batteries, raised its annual forecast on Wednesday and reported a better-than-expected quarterly profit after it renegotiated supply contracts for the metal at higher prices.
Livent Corp (LTHM): * LIVENT RELEASES SECOND QUARTER 2022 RESULTS. * RAISES 2022 FULL YEAR REVENUE AND ADJUSTED EBITDA GUIDANCE. * Q2 REVENUE $218.7 MILLION, UP 114% * SEES FY REVENUE $800 MILLION TO $860 MILLION. * QTRLY NET INCOME PER WEIGHTED AVERAGE SHARE $0.31. * Q2 EARNINGS PER SHARE VIEW $0.29, REVENUE VIEW $208.4 MILLION -- REFINITIV IBES DATA.
Livent reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:15 PM. Here's what investors need to know about the announcement. Livent beat estimated earnings by 27.59%, reporting an EPS of $0.37 versus an estimate of $0.29. Revenue was up $116.50 million from the same period last year.
Livent Corporation manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia…
Livent Corporation manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and butyllithium, which is used in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in non-rechargeable batteries and the production of lightweight materials for aerospace applications. It also provides lithium phosphate, pharmaceutical-grade lithium carbonate, high purity lithium chloride, and specialty organics; and lithium carbonate and lithium chloride for use as feedstock in the process of producing performance lithium compounds. The company was incorporated in 2018 and is headquartered in Philadelphia, Pennsylvania.
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