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

Arq, Inc. (NASDAQ:ARQ) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 1,100,000 shares, a decrease of 7.6% from the October 31st total of 1,190,000 shares. Based on an average daily trading volume, of 265,600 shares, the short-interest ratio is currently 4.1 days. Currently, 3.2% of the shares of the stock are sold short.

Insider Buying and Selling

In other news, CEO Robert E. Rasmus bought 25,000 shares of the stock in a transaction dated Monday, September 23rd. The stock was bought at an average cost of $5.25 per share, with a total value of $131,250.00. Following the purchase, the chief executive officer now owns 450,792 shares of the company’s stock, valued at approximately $2,366,658. This represents a 5.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 26.87% of the stock is owned by corporate insiders.

Institutional Trading of ARQ

Large investors have recently made changes to their positions in the company. Firsthand Capital Management Inc. bought a new stake in ARQ during the 3rd quarter worth approximately $40,000. Murphy Pohlad Asset Management LLC bought a new stake in ARQ in the 3rd quarter valued at $62,000. The Manufacturers Life Insurance Company bought a new stake in ARQ in the 2nd quarter valued at $63,000. XTX Topco Ltd acquired a new position in ARQ in the 2nd quarter worth $64,000. Finally, Mraz Amerine & Associates Inc. bought a new position in ARQ during the 3rd quarter worth about $66,000. Institutional investors own 18.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ARQ shares. Canaccord Genuity Group assumed coverage on ARQ in a research report on Tuesday, November 19th. They issued a “buy” rating and a $10.00 price objective for the company. Canaccord Genuity Group started coverage on shares of ARQ in a research note on Tuesday, November 19th. They set a “buy” rating and a $10.00 price target for the company.

ARQ Trading Down 2.0 %

NASDAQ:ARQ traded down $0.15 during mid-day trading on Wednesday, hitting $7.43. The company had a trading volume of 34,785 shares, compared to its average volume of 245,366. The firm has a market cap of $312.28 million, a P/E ratio of -758.00 and a beta of 1.51. ARQ has a fifty-two week low of $2.40 and a fifty-two week high of $8.26. The business’s fifty day moving average is $6.34 and its two-hundred day moving average is $6.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89.

ARQ (NASDAQ:ARQ) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $34.77 million for the quarter, compared to the consensus estimate of $30.60 million. During the same period in the previous year, the business earned ($0.07) EPS. As a group, research analysts expect that ARQ will post -0.13 earnings per share for the current year.

ARQ Company Profile

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.