Arq, Inc. (NASDAQ:ARQ) Short Interest Down 6.5% in September

Arq, Inc. (NASDAQ:ARQ) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,150,000 shares, a decrease of 6.5% from the August 31st total of 1,230,000 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily trading volume, of 289,800 shares, the short-interest ratio is currently 4.0 days.

ARQ Trading Up 2.0 %

ARQ stock opened at $6.07 on Monday. The company has a current ratio of 2.68, a quick ratio of 1.83 and a debt-to-equity ratio of 0.09. ARQ has a 12 month low of $1.60 and a 12 month high of $8.26. The stock’s 50 day simple moving average is $6.12 and its two-hundred day simple moving average is $6.46. The firm has a market cap of $218.76 million, a PE ratio of -22.48 and a beta of 1.41.

ARQ (NASDAQ:ARQ) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). ARQ had a negative return on equity of 2.38% and a negative net margin of 4.07%. The company had revenue of $25.41 million during the quarter, compared to analysts’ expectations of $20.60 million. During the same quarter in the prior year, the company posted ($0.21) EPS. Analysts anticipate that ARQ will post -0.12 earnings per share for the current year.

Insider Activity at ARQ

In other news, CEO Robert E. Rasmus bought 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average price of $5.25 per share, for a total transaction of $131,250.00. Following the completion of the transaction, the chief executive officer now directly owns 450,792 shares in the company, valued at $2,366,658. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ARQ. AIGH Capital Management LLC purchased a new position in shares of ARQ during the 2nd quarter valued at approximately $13,002,000. Perritt Capital Management Inc purchased a new position in shares of ARQ during the 2nd quarter valued at approximately $367,000. Dimensional Fund Advisors LP purchased a new position in shares of ARQ during the 2nd quarter valued at approximately $1,524,000. Renaissance Technologies LLC acquired a new stake in shares of ARQ in the 2nd quarter worth $81,000. Finally, XTX Topco Ltd purchased a new position in shares of ARQ in the 2nd quarter valued at about $64,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

ARQ Company Profile

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.