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

Arq, Inc. (NASDAQ:ARQ) saw a large increase in short interest in the month of 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. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 256,300 shares, the days-to-cover ratio is currently 3.5 days.

ARQ Stock Performance

Shares of NASDAQ:ARQ traded down $0.05 on Friday, hitting $6.24. The company had a trading volume of 136,692 shares, compared to its average volume of 229,015. The stock has a market cap of $262.27 million, a price-to-earnings ratio of -624.00 and a beta of 1.50. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. ARQ has a 1-year low of $2.70 and a 1-year high of $8.26. The stock has a 50 day moving average price of $6.97 and a 200 day moving average price of $6.43.

ARQ (NASDAQ:ARQ) last released 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 net margin of 0.44% and a negative return on equity of 0.25%. The business had revenue of $34.77 million during the quarter, compared to analyst estimates of $30.60 million. During the same quarter last year, the company posted ($0.07) earnings per share. Analysts expect that ARQ will post -0.13 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP bought a new stake in shares of ARQ in the 2nd quarter valued at $1,524,000. Maven Securities LTD purchased a new stake in ARQ in the second quarter worth $607,000. State Street Corp boosted its holdings in ARQ by 19.6% in the 3rd quarter. State Street Corp now owns 394,751 shares of the company’s stock worth $2,317,000 after buying an additional 64,595 shares during the period. Squarepoint Ops LLC bought a new stake in shares of ARQ during the second quarter valued at about $285,000. Finally, Virtu Financial LLC bought a new position in shares of ARQ in the third quarter worth approximately $217,000. 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.