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 January. As of January 15th, there was short interest totalling 885,300 shares, a growth of 22.1% from the December 31st total of 725,100 shares. Currently, 2.6% of the shares of the company are short sold. Based on an average daily volume of 256,300 shares, the short-interest ratio is presently 3.5 days.

ARQ Price Performance

Shares of NASDAQ:ARQ opened at $6.24 on Friday. 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 has a market capitalization of $262.27 million, a PE ratio of -624.00 and a beta of 1.50. The firm has a 50 day moving average of $6.94 and a 200-day moving average of $6.43. ARQ has a 12 month low of $2.70 and a 12 month high of $8.26.

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

Hedge Funds Weigh In On ARQ

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in shares of ARQ in the 4th quarter valued at $95,000. Avanza Fonder AB acquired a new stake in ARQ in the fourth quarter worth $68,000. Virtu Financial LLC acquired a new position in shares of ARQ during the third quarter valued at about $217,000. Barclays PLC boosted its position in shares of ARQ by 286.9% during the 3rd quarter. Barclays PLC now owns 33,350 shares of the company’s stock worth $196,000 after purchasing an additional 24,731 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of ARQ by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 596,468 shares of the company’s stock valued at $3,502,000 after buying an additional 4,545 shares during the period. Institutional investors own 18.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.