Arq, Inc. (NASDAQ:ARQ) Short Interest Update

Arq, Inc. (NASDAQ:ARQ) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 885,300 shares, a growth of 22.1% from the December 15th total of 725,100 shares. Based on an average daily trading volume, of 256,300 shares, the short-interest ratio is presently 3.5 days. Currently, 2.6% of the shares of the company are short sold.

ARQ Price Performance

ARQ stock opened at $6.69 on Friday. The stock’s 50 day moving average is $7.12 and its 200 day moving average is $6.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28. ARQ has a one year low of $2.64 and a one year high of $8.26. The firm has a market cap of $281.18 million, a P/E ratio of -669.00 and a beta of 1.50.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The company had revenue of $34.77 million for the quarter, compared to analyst estimates of $30.60 million. During the same period last year, the business earned ($0.07) EPS. As a group, research analysts expect that ARQ will post -0.13 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Canaccord Genuity Group initiated coverage on shares of ARQ in a research report on Tuesday, November 19th. They set a “buy” rating and a $10.00 price target on the stock. Canaccord Genuity Group began coverage on shares of ARQ in a report on Tuesday, November 19th. They set a “buy” rating and a $10.00 price target for the company.

Institutional Investors Weigh In On ARQ

Several hedge funds and other institutional investors have recently modified their holdings of ARQ. Maven Securities LTD acquired a new stake in shares of ARQ in the 2nd quarter worth about $607,000. Dimensional Fund Advisors LP purchased a new stake in shares of ARQ in the second quarter worth approximately $1,524,000. XTX Topco Ltd bought a new position in shares of ARQ in the second quarter valued at approximately $64,000. Geode Capital Management LLC grew its holdings in ARQ by 0.8% during the third quarter. Geode Capital Management LLC now owns 596,468 shares of the company’s stock worth $3,502,000 after buying an additional 4,545 shares in the last quarter. Finally, Aristides Capital LLC purchased a new stake in ARQ in the 2nd quarter valued at $270,000. Institutional investors own 18.49% of the company’s stock.

ARQ Company Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.