Arq, Inc. (NASDAQ:ARQ) Sees Significant Increase in Short Interest

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

Analyst Upgrades and Downgrades

ARQ has been the subject of a number of research analyst reports. Canaccord Genuity Group started coverage on shares of ARQ in a research note on Tuesday, November 19th. They issued a “buy” rating and a $10.00 price target for the company. Canaccord Genuity Group began coverage on shares of ARQ in a report on Tuesday, November 19th. They issued a “buy” rating and a $10.00 target price for the company.

ARQ Stock Down 0.8 %

Shares of ARQ stock traded down $0.05 during trading hours on Friday, reaching $6.24. 136,692 shares of the company’s stock were exchanged, compared to its average volume of 229,015. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average price is $6.97 and its two-hundred day moving average price is $6.43. The stock has a market cap of $262.27 million, a PE ratio of -624.00 and a beta of 1.50. ARQ has a 1 year low of $2.70 and a 1 year high of $8.26.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $30.60 million. During the same period in the previous year, the firm posted ($0.07) EPS. Research analysts predict that ARQ will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ARQ. Geode Capital Management LLC raised its stake in shares of ARQ by 0.8% during the 3rd 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. State Street Corp lifted its holdings in shares of ARQ by 19.6% during the 3rd quarter. State Street Corp now owns 394,751 shares of the company’s stock worth $2,317,000 after acquiring an additional 64,595 shares during the period. Dimensional Fund Advisors LP acquired a new stake in ARQ during the 2nd quarter worth approximately $1,524,000. Maven Securities LTD purchased a new stake in shares of ARQ during the 2nd quarter valued at about $607,000. Finally, Squarepoint Ops LLC purchased a new stake in ARQ during the 2nd quarter worth approximately $285,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

About ARQ

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.