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. Approximately 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 currently 8.8 days.

Arko Stock Down 1.3 %

NASDAQ:ARKO traded down $0.09 during trading hours on Monday, hitting $6.98. The stock had a trading volume of 162,313 shares, compared to its average volume of 298,947. The company has a market cap of $808.07 million, a PE ratio of 43.63 and a beta of 0.50. The business has a 50 day simple moving average of $6.84 and a two-hundred day simple moving average of $6.67. Arko has a 1-year low of $4.09 and a 1-year high of $8.39. 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 (NASDAQ:ARKO) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 8.88% and a net margin of 0.27%. During the same period last year, the firm earned $0.17 EPS. Analysts predict that Arko will post 0.2 EPS for the current year.

Institutional Investors Weigh In On Arko

A number of hedge funds have recently bought and sold shares of the business. Copeland Capital Management LLC purchased a new position in shares of Arko during the 3rd quarter valued at approximately $39,000. Quantbot Technologies LP bought a new position in Arko during the 3rd quarter valued at $72,000. MQS Management LLC acquired a new position in Arko during the 3rd quarter worth $77,000. Intech Investment Management LLC bought a new stake in shares of Arko in the 3rd quarter worth about $98,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Arko by 5.6% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.