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

Arq, Inc. (NASDAQ:ARQ) was the recipient of a large increase in short interest in 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. Based on an average trading volume of 256,300 shares, the short-interest ratio is currently 3.5 days. Approximately 2.6% of the shares of the company are short sold.

Institutional Investors Weigh In On ARQ

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of ARQ in the 4th quarter valued at $95,000. Avanza Fonder AB acquired a new stake in shares of ARQ in the 4th quarter valued at $68,000. Virtu Financial LLC acquired a new stake in shares of ARQ in the 3rd quarter valued at $217,000. Barclays PLC increased its stake in shares of ARQ by 286.9% in the 3rd quarter. Barclays PLC now owns 33,350 shares of the company’s stock valued at $196,000 after buying an additional 24,731 shares during the period. Finally, Geode Capital Management LLC increased its stake 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 valued at $3,502,000 after buying an additional 4,545 shares during the period. 18.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARQ has been the subject of a number of recent research reports. Canaccord Genuity Group began coverage on ARQ in a report on Tuesday, November 19th. They issued a “buy” rating and a $10.00 target price for the company. Canaccord Genuity Group began coverage on ARQ in a research report on Tuesday, November 19th. They set a “buy” rating and a $10.00 target price for the company.

ARQ Price Performance

Shares of ARQ stock traded up $0.13 during midday trading on Friday, hitting $6.42. 34,603 shares of the company were exchanged, compared to its average volume of 236,120. The firm has a 50 day simple moving average of $6.97 and a 200-day simple moving average of $6.43. ARQ has a 52 week low of $2.70 and a 52 week high of $8.26. The firm has a market cap of $269.83 million, a P/E ratio of -642.00 and a beta of 1.50. 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 (NASDAQ:ARQ) last released its quarterly 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 net margin of 0.44% and a negative return on equity of 0.25%. The business had revenue of $34.77 million for the quarter, compared to analyst estimates of $30.60 million. During the same period in the prior year, the business earned ($0.07) earnings per share. Research analysts forecast that ARQ will post -0.13 earnings per share for the current year.

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.