Short Interest in Arq, Inc. (NASDAQ:ARQ) Rises By 22.1%

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

ARQ Stock Performance

Shares of NASDAQ ARQ opened at $6.69 on Friday. The stock has a market cap of $281.18 million, a price-to-earnings ratio of -669.00 and a beta of 1.50. The stock’s 50-day moving average is $7.12 and its 200 day moving average is $6.40. 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 $2.64 and a 1-year high of $8.26.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $34.77 million during the quarter, compared to the consensus estimate of $30.60 million. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. On average, sell-side analysts anticipate that ARQ will post -0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of ARQ

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

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.