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

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Canaccord Genuity Group assumed 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 assumed 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.

ARQ Stock Up 2.1 %

NASDAQ ARQ traded up $0.13 on Friday, reaching $6.42. The stock had a trading volume of 34,603 shares, compared to its average volume of 236,120. The company has a market capitalization of $269.83 million, a price-to-earnings ratio of -642.00 and a beta of 1.50. The business has a 50 day moving average price of $6.97 and a 200 day moving average price of $6.43. ARQ has a 1 year low of $2.70 and a 1 year high of $8.26. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08.

ARQ (NASDAQ:ARQ) last released 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 company had revenue of $34.77 million for the quarter, compared to the consensus estimate 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 quarter last year, the company posted ($0.07) EPS. On average, analysts forecast that ARQ will post -0.13 EPS for the current fiscal year.

Institutional Trading of ARQ

Several large investors have recently made changes to their positions in the stock. Firsthand Capital Management Inc. acquired a new position in shares of ARQ during the 3rd quarter worth about $40,000. Murphy Pohlad Asset Management LLC acquired a new position in shares of ARQ during the 3rd quarter worth about $62,000. The Manufacturers Life Insurance Company acquired a new position in shares of ARQ during the 2nd quarter worth about $63,000. XTX Topco Ltd acquired a new position in shares of ARQ during the 2nd quarter worth about $64,000. Finally, Mraz Amerine & Associates Inc. acquired a new position in shares of ARQ during the 3rd quarter worth about $66,000. 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.