Arq, Inc. (NASDAQ:ARQ) Short Interest Down 24.9% in November

Arq, Inc. (NASDAQ:ARQ - Get Free Report) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 826,400 shares, a decline of 24.9% from the November 15th total of 1,100,000 shares. Based on an average trading volume of 272,800 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.4% of the company's stock are sold short.

ARQ Stock Performance

ARQ stock traded up $0.10 during midday trading on Friday, reaching $7.09. The company had a trading volume of 141,197 shares, compared to its average volume of 243,336. 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 stock has a 50 day moving average price of $6.56 and a 200 day moving average price of $6.27. ARQ has a fifty-two week low of $2.40 and a fifty-two week high of $8.26. The firm has a market capitalization of $298.01 million, a PE ratio of -709.00 and a beta of 1.51.

ARQ (NASDAQ:ARQ - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm posted ($0.07) earnings per share. Analysts anticipate that ARQ will post -0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at ARQ

In other news, CEO Robert E. Rasmus acquired 25,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average cost of $5.25 per share, with a total value of $131,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 450,792 shares in the company, valued at $2,366,658. This represents a 5.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 26.87% of the company's stock.

Hedge Funds Weigh In On ARQ

Hedge funds and other institutional investors have recently made changes to their positions in the business. AIGH Capital Management LLC bought a new stake in ARQ during the second quarter worth approximately $13,002,000. Dimensional Fund Advisors LP bought a new position in shares of ARQ in the second quarter valued at $1,524,000. Maven Securities LTD bought a new position in shares of ARQ in the second quarter valued at $607,000. State Street Corp increased its holdings in shares of ARQ by 19.6% in the third quarter. State Street Corp now owns 394,751 shares of the company's stock valued at $2,317,000 after buying an additional 64,595 shares in the last quarter. Finally, Perritt Capital Management Inc bought a new position in shares of ARQ in the second quarter valued at $367,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

About ARQ

Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.

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