Arq, Inc. (NASDAQ:ARQ) Short Interest Down 15.8% in April

Arq, Inc. (NASDAQ:ARQ - Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 1,170,000 shares, a decline of 15.8% from the March 31st total of 1,390,000 shares. Based on an average daily volume of 259,100 shares, the short-interest ratio is presently 4.5 days. Approximately 3.4% of the company's stock are short sold.

Insider Activity at ARQ

In other news, CTO Joseph M. Wong sold 6,596 shares of ARQ stock in a transaction on Monday, March 24th. The shares were sold at an average price of $4.68, for a total transaction of $30,869.28. Following the completion of the sale, the chief technology officer now directly owns 354,790 shares of the company's stock, valued at approximately $1,660,417.20. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 20,588 shares of company stock worth $96,352. Corporate insiders own 26.87% of the company's stock.

Institutional Investors Weigh In On ARQ

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in shares of ARQ by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 139,325 shares of the company's stock valued at $581,000 after purchasing an additional 7,897 shares during the period. Avanza Fonder AB lifted its position in shares of ARQ by 84.6% during the 1st quarter. Avanza Fonder AB now owns 16,615 shares of the company's stock valued at $70,000 after acquiring an additional 7,615 shares during the period. Wellington Management Group LLP purchased a new stake in shares of ARQ during the 4th quarter worth approximately $793,000. York Capital Management Global Advisors LLC grew its holdings in shares of ARQ by 6.6% in the 4th quarter. York Capital Management Global Advisors LLC now owns 442,959 shares of the company's stock worth $3,353,000 after acquiring an additional 27,324 shares during the period. Finally, Two Sigma Investments LP increased its stake in ARQ by 26.4% in the 4th quarter. Two Sigma Investments LP now owns 36,303 shares of the company's stock valued at $275,000 after purchasing an additional 7,589 shares in the last quarter. Hedge funds and other institutional investors own 18.49% of the company's stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price objective on shares of ARQ from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday.

ARQ Stock Performance

Shares of NASDAQ:ARQ traded down $0.13 on Thursday, reaching $3.56. The company's stock had a trading volume of 321,292 shares, compared to its average volume of 262,630. ARQ has a 52-week low of $3.34 and a 52-week high of $8.11. The stock has a market capitalization of $150.28 million, a P/E ratio of -356.00 and a beta of 1.51. The stock's 50-day moving average is $4.16 and its two-hundred day moving average is $5.75. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $27.04 million during the quarter, compared to the consensus estimate of $28.34 million. ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. During the same period in the prior year, the business earned $0.14 EPS. As a group, sell-side analysts forecast that ARQ will post -0.13 EPS for the current year.

About ARQ

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.