Arq, Inc. (NASDAQ:ARQ) Short Interest Update

Arq, Inc. (NASDAQ:ARQ - Get Free Report) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 885,300 shares, an increase of 22.1% from the December 31st total of 725,100 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 256,300 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Canaccord Genuity Group started coverage on ARQ in a report on Tuesday, November 19th. They set a "buy" rating and a $10.00 price target for the company. Canaccord Genuity Group assumed coverage on shares of ARQ in a research report on Tuesday, November 19th. They set a "buy" rating and a $10.00 price objective for the company.

ARQ Trading Down 0.2 %

NASDAQ ARQ traded down $0.01 on Tuesday, reaching $6.20. The company had a trading volume of 120,427 shares, compared to its average volume of 233,488. The firm has a market cap of $260.59 million, a price-to-earnings ratio of -620.00 and a beta of 1.49. The business has a 50 day moving average of $6.91 and a two-hundred day moving average of $6.42. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28. ARQ has a fifty-two week low of $2.70 and a fifty-two week high of $8.26.

ARQ (NASDAQ:ARQ - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The business had revenue of $34.77 million during the quarter, compared to the consensus estimate of $30.60 million. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Analysts forecast that ARQ will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ARQ. SG Americas Securities LLC bought a new stake in shares of ARQ during the 4th quarter valued at $95,000. Avanza Fonder AB purchased a new position in shares of ARQ in the fourth quarter valued at about $68,000. Virtu Financial LLC bought a new stake in shares of ARQ in the 3rd quarter worth approximately $217,000. Barclays PLC increased its position in ARQ by 286.9% during the 3rd quarter. Barclays PLC now owns 33,350 shares of the company's stock valued at $196,000 after purchasing an additional 24,731 shares during the period. Finally, Geode Capital Management LLC raised its position 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 worth $3,502,000 after acquiring an additional 4,545 shares in the last quarter. Hedge funds and other institutional investors own 18.49% of the company's stock.

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.