Arq, Inc. (NASDAQ:ARQ) Short Interest Up 22.1% in December

Arq, Inc. (NASDAQ:ARQ) was the target of a significant increase in short interest in 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. Currently, 2.6% of the shares of the stock are sold short. Based on an average trading volume of 256,300 shares, the days-to-cover ratio is currently 3.5 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On ARQ

A number of institutional investors and hedge funds have recently bought and sold shares of ARQ. Firsthand Capital Management Inc. acquired a new stake in shares of ARQ in the third quarter valued at $40,000. Murphy Pohlad Asset Management LLC bought a new stake in ARQ during the 3rd quarter worth about $62,000. The Manufacturers Life Insurance Company bought a new stake in ARQ during the 2nd quarter worth about $63,000. XTX Topco Ltd acquired a new stake in ARQ in the 2nd quarter valued at about $64,000. Finally, Mraz Amerine & Associates Inc. bought a new position in shares of ARQ in the third quarter worth about $66,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

ARQ Trading Up 2.6 %

Shares of ARQ stock opened at $6.69 on Friday. The stock has a market capitalization of $281.18 million, a P/E ratio of -669.00 and a beta of 1.50. ARQ has a 12-month low of $2.64 and a 12-month high of $8.26. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of $7.12 and a 200 day simple moving average of $6.39.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm 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 in the previous year, the business posted ($0.07) EPS. Research analysts expect that ARQ will post -0.13 earnings per share for the current fiscal year.

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.