Short Interest in Arko Corp. (NASDAQ:ARKO) Declines By 8.7%

Arko Corp. (NASDAQ:ARKO - Get Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,510,000 shares, a drop of 8.7% from the December 31st total of 2,750,000 shares. Based on an average daily trading volume, of 283,900 shares, the days-to-cover ratio is currently 8.8 days. Currently, 3.1% of the company's shares are sold short.

Institutional Trading of Arko

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Arko by 598.7% in the third quarter. JPMorgan Chase & Co. now owns 239,683 shares of the company's stock worth $1,683,000 after buying an additional 205,377 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Arko by 24.0% in the 4th quarter. Bank of New York Mellon Corp now owns 766,295 shares of the company's stock valued at $5,050,000 after purchasing an additional 148,269 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Arko during the fourth quarter worth about $814,000. Barclays PLC grew its stake in Arko by 98.2% in the third quarter. Barclays PLC now owns 171,600 shares of the company's stock worth $1,203,000 after purchasing an additional 85,009 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Arko in the second quarter valued at about $495,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Arko Trading Down 1.3 %

NASDAQ:ARKO traded down $0.09 on Wednesday, hitting $6.92. 264,812 shares of the stock were exchanged, compared to its average volume of 310,641. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86. Arko has a fifty-two week low of $4.09 and a fifty-two week high of $8.39. The stock has a market cap of $801.13 million, a PE ratio of 43.25 and a beta of 0.50. The stock has a fifty day moving average of $6.83 and a 200-day moving average of $6.68.

Arko (NASDAQ:ARKO - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). Arko had a return on equity of 8.88% and a net margin of 0.27%. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter in the prior year, the firm earned $0.17 earnings per share. As a group, equities analysts expect that Arko will post 0.2 earnings per share for the current fiscal year.

Arko Company Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.