Arko Corp. (NASDAQ:ARKO) Short Interest Down 8.7% in January

Arko Corp. (NASDAQ:ARKO) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totalling 2,510,000 shares, a drop of 8.7% from the December 31st total of 2,750,000 shares. Based on an average daily volume of 283,900 shares, the days-to-cover ratio is currently 8.8 days. Approximately 3.1% of the shares of the stock are sold short.

Institutional Trading of Arko

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC grew its stake in shares of Arko by 119.4% during the second quarter. Squarepoint Ops LLC now owns 109,807 shares of the company’s stock valued at $688,000 after buying an additional 59,769 shares during the last quarter. AQR Capital Management LLC grew its stake in Arko by 39.5% in the second quarter. AQR Capital Management LLC now owns 105,932 shares of the company’s stock worth $664,000 after purchasing an additional 29,992 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Arko by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,893 shares of the company’s stock worth $206,000 after purchasing an additional 1,734 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Arko during the 2nd quarter valued at $495,000. Finally, Creative Planning purchased a new stake in shares of Arko in the 2nd quarter worth $413,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Arko Price Performance

Shares of NASDAQ:ARKO traded down $0.04 during midday trading on Monday, reaching $7.04. 227,270 shares of the company were exchanged, compared to its average volume of 301,898. The stock has a market cap of $814.44 million, a PE ratio of 43.97 and a beta of 0.50. Arko has a one year low of $4.09 and a one 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. The business’s fifty day moving average is $6.84 and its two-hundred day moving average is $6.67.

Arko (NASDAQ:ARKO) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.09). Arko had a return on equity of 8.88% and a net margin of 0.27%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the firm posted $0.17 EPS. As a group, analysts predict that Arko will post 0.2 earnings per share for the current year.

Arko Company Profile

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.