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

Arq, Inc. (NASDAQ:ARQ - Get Free Report) was the target of 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. Currently, 2.6% of the company's stock are sold short. Based on an average trading volume of 256,300 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently 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 price target 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 price target for the company.

Institutional Investors Weigh In On ARQ

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of ARQ by 0.8% during the third 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 last quarter. Firsthand Capital Management Inc. bought a new stake in ARQ during the third quarter worth approximately $40,000. Avanza Fonder AB bought a new stake in ARQ during the fourth quarter worth approximately $68,000. The Manufacturers Life Insurance Company bought a new stake in ARQ during the second quarter worth approximately $63,000. Finally, Murphy Pohlad Asset Management LLC bought a new stake in ARQ during the third quarter worth approximately $62,000. Institutional investors own 18.49% of the company's stock.

ARQ Stock Performance

ARQ stock traded up $0.11 during midday trading on Friday, reaching $6.63. The company had a trading volume of 72,521 shares, compared to its average volume of 285,023. 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 $7.12 and a 200 day moving average price of $6.38. ARQ has a fifty-two week low of $2.64 and a fifty-two week high of $8.26. The firm has a market capitalization of $278.45 million, a PE ratio of -661.60 and a beta of 1.50.

ARQ (NASDAQ:ARQ - Get Free Report) last issued its 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 company had revenue of $34.77 million during the quarter, compared to analyst estimates of $30.60 million. ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Analysts anticipate that ARQ will post -0.13 earnings per share for the current year.

About ARQ

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.

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