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

Key Points

• Short interest fell 22.0% in April to 1,528,529 shares; about 4.7% of the float is short and the days-to-cover ratio is roughly 2.9 days.
• ARQ opened at $2.27 (52-week range $1.54–$7.89) with a market cap of $97.3M; the company reported Q1 EPS of -$0.07 (missing estimates by $0.02) while revenue of $29.43M slightly beat expectations.
• Analysts are mixed but the consensus is a "Moderate Buy" with a consensus price target of $7.50 (ratings include 1 Strong Buy, 2 Buy, 1 Hold, 1 Sell).

Arq, Inc. (NASDAQ:ARQ - Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 1,528,529 shares, a drop of 22.0% from the March 31st total of 1,959,684 shares. Currently, 4.7% of the company's stock are short sold. Based on an average daily volume of 523,391 shares, the days-to-cover ratio is presently 2.9 days.

ARQ Stock Performance

Shares of ARQ stock opened at $2.27 on Wednesday. The company has a 50 day moving average price of $2.57 and a 200-day moving average price of $3.63. ARQ has a 52 week low of $1.54 and a 52 week high of $7.89. The firm has a market capitalization of $97.34 million, a PE ratio of -1.79 and a beta of 2.08. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 0.05.

ARQ (NASDAQ:ARQ - Get Free Report) last announced its quarterly earnings results on Monday, March 9th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02). ARQ had a negative return on equity of 1.99% and a negative net margin of 43.72%.The company had revenue of $29.43 million during the quarter, compared to the consensus estimate of $28.59 million. As a group, equities research analysts expect that ARQ will post 0.04 earnings per share for the current year.

Institutional Trading of ARQ

A number of large investors have recently made changes to their positions in ARQ. Los Angeles Capital Management LLC purchased a new position in shares of ARQ in the fourth quarter worth approximately $37,000. HRT Financial LP purchased a new position in shares of ARQ in the fourth quarter worth approximately $37,000. AlphaQuest LLC purchased a new position in shares of ARQ in the third quarter worth approximately $83,000. Algert Global LLC purchased a new position in shares of ARQ in the third quarter worth approximately $84,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of ARQ by 13.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company's stock worth $63,000 after buying an additional 1,413 shares during the last quarter. 18.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ARQ. Weiss Ratings restated a "sell (d-)" rating on shares of ARQ in a research note on Monday, April 20th. Canaccord Genuity Group reduced their price target on shares of ARQ from $7.50 to $5.00 and set a "buy" rating for the company in a research note on Wednesday, March 11th. Finally, Zacks Research upgraded shares of ARQ from a "strong sell" rating to a "hold" rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, ARQ currently has an average rating of "Moderate Buy" and a consensus target price of $7.50.

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. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.

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