Arko Corp. (NASDAQ:ARKO) Sees Large Drop in Short Interest

Arko Corp. (NASDAQ:ARKO) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 2,510,000 shares, a decline of 8.7% from the December 31st total of 2,750,000 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average trading volume of 283,900 shares, the short-interest ratio is presently 8.8 days.

Institutional Trading of Arko

Institutional investors have recently made changes to their positions in the business. Copeland Capital Management LLC purchased a new stake in shares of Arko during the third quarter valued at $39,000. Quantbot Technologies LP acquired a new stake in Arko during the 3rd quarter worth about $72,000. MQS Management LLC acquired a new stake in Arko during the 3rd quarter worth about $77,000. Intech Investment Management LLC acquired a new position in shares of Arko in the third quarter valued at about $98,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Arko by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 32,893 shares of the company’s stock valued at $206,000 after purchasing an additional 1,734 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Arko Stock Down 0.5 %

Shares of NASDAQ:ARKO traded down $0.04 during trading on Monday, reaching $7.04. The stock had a trading volume of 227,270 shares, compared to its average volume of 301,898. The firm’s 50-day simple moving average is $6.84 and its 200 day simple moving average is $6.67. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86. Arko has a one year low of $4.09 and a one year high of $8.39. The company has a market capitalization of $814.44 million, a P/E ratio of 43.97 and a beta of 0.50.

Arko (NASDAQ:ARKO) last posted its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Arko had a net margin of 0.27% and a return on equity of 8.88%. During the same period in the previous year, the company earned $0.17 EPS. As a group, research analysts expect that Arko will post 0.2 EPS for the current fiscal year.

About Arko

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.