Appliance Recycling Cntrs of Amer Inc (NASDAQ:ARCI) Short Interest Update

Appliance Recycling Cntrs of Amer Inc (NASDAQ:ARCI) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 39,000 shares, a decline of 10.8% from the June 30th total of 43,700 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 78,700 shares, the days-to-cover ratio is currently 0.5 days.

A hedge fund recently bought a new stake in Appliance Recycling Cntrs of Amer stock. Jane Street Group LLC purchased a new stake in shares of Appliance Recycling Cntrs of Amer Inc (NASDAQ:ARCI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 11,050 shares of the industrial products company’s stock, valued at approximately $49,000. Jane Street Group LLC owned about 0.65% of Appliance Recycling Cntrs of Amer at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.66% of the company’s stock.

Shares of Appliance Recycling Cntrs of Amer stock opened at $3.25 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.06. Appliance Recycling Cntrs of Amer has a 52-week low of $1.80 and a 52-week high of $9.56. The stock has a 50-day simple moving average of $4.02 and a 200-day simple moving average of $2.80.

Appliance Recycling Cntrs of Amer (NASDAQ:ARCI) last announced its quarterly earnings results on Tuesday, May 14th. The industrial products company reported ($1.20) earnings per share (EPS) for the quarter. The firm had revenue of $6.29 million for the quarter. Appliance Recycling Cntrs of Amer had a negative net margin of 18.05% and a negative return on equity of 28.17%.

About Appliance Recycling Cntrs of Amer

Appliance Recycling Centers of America, Inc, together with its subsidiaries, engages in the recycle of household appliances in North America. The company operates in two segments, Recycling and Technology. It engages in collecting, recycling, and installing appliances for utilities and other customers.

Further Reading: Calculating net profit and net profit margin ratio

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