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

Arq, Inc. (NASDAQ:ARQ) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 826,400 shares, a drop of 24.9% from the November 15th total of 1,100,000 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 272,800 shares, the short-interest ratio is presently 3.0 days.

ARQ Stock Up 1.4 %

Shares of NASDAQ:ARQ traded up $0.10 during trading on Friday, reaching $7.09. 141,197 shares of the company traded hands, compared to its average volume of 243,336. ARQ has a 1-year low of $2.40 and a 1-year high of $8.26. 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 firm has a market cap of $298.01 million, a P/E ratio of -709.00 and a beta of 1.51. The firm has a fifty day simple moving average of $6.56 and a 200 day simple moving average of $6.27.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings results 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 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 prior year, the firm earned ($0.07) earnings per share. Analysts anticipate that ARQ will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ARQ has been the topic of a number of research reports. 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 started coverage on shares of ARQ in a report on Tuesday, November 19th. They set a “buy” rating and a $10.00 target price for the company.

Insiders Place Their Bets

In other news, CEO Robert E. Rasmus purchased 25,000 shares of ARQ stock in a transaction dated Monday, September 23rd. The stock was bought at an average price of $5.25 per share, with a total value of $131,250.00. Following the completion of the acquisition, the chief executive officer now owns 450,792 shares in the company, valued at $2,366,658. The trade was a 5.87 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 26.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ARQ

Several hedge funds have recently bought and sold shares of the business. Firsthand Capital Management Inc. bought a new position in ARQ during the third quarter worth $40,000. Murphy Pohlad Asset Management LLC bought a new stake in shares of ARQ during the third quarter valued at approximately $62,000. The Manufacturers Life Insurance Company bought a new position in shares of ARQ in the 2nd quarter valued at about $63,000. XTX Topco Ltd bought a new stake in shares of ARQ during the second quarter worth approximately $64,000. Finally, Mraz Amerine & Associates Inc. acquired a new position in ARQ in the third quarter valued at approximately $66,000. 18.49% of the stock is owned by institutional investors and hedge funds.

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.