Arq, Inc. (NASDAQ:ARQ) Short Interest Down 12.3% in December

Arq, Inc. (NASDAQ:ARQ - Get Free Report) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 725,100 shares, a decline of 12.3% from the November 30th total of 826,400 shares. Based on an average daily trading volume, of 244,900 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.1% of the company's shares are sold short.

Institutional Investors Weigh In On ARQ

Several hedge funds and other institutional investors have recently made changes to their positions in ARQ. Firsthand Capital Management Inc. purchased a new position in shares of ARQ in the 3rd quarter valued at $40,000. Murphy Pohlad Asset Management LLC acquired a new position in ARQ in the third quarter valued at $62,000. The Manufacturers Life Insurance Company purchased a new position in shares of ARQ during the second quarter worth about $63,000. XTX Topco Ltd acquired a new stake in shares of ARQ during the second quarter worth about $64,000. Finally, Mraz Amerine & Associates Inc. purchased a new stake in shares of ARQ in the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 18.49% of the company's stock.

ARQ Stock Down 0.7 %

NASDAQ ARQ traded down $0.05 on Friday, hitting $7.13. 197,913 shares of the stock were exchanged, compared to its average volume of 244,496. ARQ has a fifty-two week low of $2.50 and a fifty-two week high of $8.26. The company has a 50-day moving average price of $6.88 and a 200-day moving average price of $6.29. 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 market cap of $299.69 million, a PE ratio of -713.00 and a beta of 1.51.

ARQ (NASDAQ:ARQ - Get Free Report) last released 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 firm had revenue of $34.77 million for the quarter, compared to analysts' expectations 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 last year, the firm posted ($0.07) earnings per share. Sell-side analysts anticipate that ARQ will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports 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 objective on the stock. Canaccord Genuity Group initiated coverage on ARQ in a research report on Tuesday, November 19th. They issued a "buy" rating and a $10.00 price target on the stock.

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.