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

Arq, Inc. (NASDAQ:ARQ) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 1,150,000 shares, a decline of 6.5% from the August 31st total of 1,230,000 shares. Approximately 4.1% of the company’s stock are sold short. Based on an average daily volume of 289,800 shares, the short-interest ratio is presently 4.0 days.

Insider Buying and Selling

In related news, CEO Robert E. Rasmus bought 25,000 shares of the stock in a transaction on Monday, September 23rd. The shares were acquired at an average price of $5.25 per share, for a total transaction of $131,250.00. Following the purchase, the chief executive officer now owns 450,792 shares of the company’s stock, valued at $2,366,658. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 22.16% of the stock is currently owned by company insiders.

Institutional Trading of ARQ

Several institutional investors and hedge funds have recently modified their holdings of the company. AIGH Capital Management LLC bought a new stake in ARQ during the 2nd quarter valued at approximately $13,002,000. Dimensional Fund Advisors LP purchased a new position in shares of ARQ in the second quarter worth $1,524,000. Maven Securities LTD bought a new position in shares of ARQ during the second quarter worth $607,000. Perritt Capital Management Inc purchased a new position in ARQ during the second quarter valued at $367,000. Finally, Squarepoint Ops LLC bought a new stake in ARQ in the 2nd quarter valued at $285,000. 18.49% of the stock is currently owned by institutional investors.

ARQ Trading Down 3.6 %

NASDAQ:ARQ opened at $5.66 on Wednesday. The business has a fifty day moving average price of $6.11 and a 200-day moving average price of $6.47. ARQ has a one year low of $1.60 and a one year high of $8.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.68 and a quick ratio of 1.83. The firm has a market capitalization of $203.99 million, a price-to-earnings ratio of -20.96 and a beta of 1.41.

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

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.