Arko Corp. (NASDAQ:ARKO) Short Interest Update

Arko Corp. (NASDAQ:ARKO) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 2,750,000 shares, a drop of 5.8% from the November 30th total of 2,920,000 shares. Currently, 3.4% of the company’s shares are sold short. Based on an average daily volume of 286,900 shares, the short-interest ratio is currently 9.6 days.

Institutional Trading of Arko

Large investors have recently made changes to their positions in the company. Copeland Capital Management LLC bought a new position in Arko in the third quarter worth approximately $39,000. Quantbot Technologies LP acquired a new position in shares of Arko during the third quarter worth approximately $72,000. MQS Management LLC bought a new position in shares of Arko in the 3rd quarter worth $77,000. Intech Investment Management LLC acquired a new stake in Arko in the 3rd quarter valued at $98,000. Finally, Arizona State Retirement System grew its position in Arko by 27.9% in the 2nd quarter. Arizona State Retirement System now owns 18,476 shares of the company’s stock valued at $116,000 after purchasing an additional 4,030 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Arko Trading Down 1.3 %

Shares of ARKO stock opened at $6.59 on Thursday. Arko has a fifty-two week low of $4.09 and a fifty-two week high of $8.42. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63. The stock has a 50 day simple moving average of $6.88 and a two-hundred day simple moving average of $6.57. The company has a market cap of $762.92 million, a P/E ratio of 41.19 and a beta of 0.48.

Arko (NASDAQ:ARKO) last released its quarterly earnings data 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). The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.43 billion. Arko had a net margin of 0.27% and a return on equity of 8.88%. During the same quarter in the prior year, the firm earned $0.17 EPS. Research analysts forecast that Arko will post 0.2 earnings per share for the current year.

Arko Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 19th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, November 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.82%. Arko’s dividend payout ratio (DPR) is presently 75.00%.

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.