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

Shares of ARCI traded up $0.09 during midday trading on Wednesday, hitting $3.61. The company’s stock had a trading volume of 5,200 shares, compared to its average volume of 230,501. Appliance Recycling Cntrs of Amer has a one year low of $1.80 and a one year high of $9.56. The company’s fifty day moving average price is $4.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.57 and a current ratio of 0.67.

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

A hedge fund recently raised its stake in Appliance Recycling Cntrs of Amer stock. Bank of New York Mellon Corp grew its stake in shares of Appliance Recycling Cntrs of Amer Inc (NASDAQ:ARCI) by 81.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,219 shares of the industrial products company’s stock after purchasing an additional 8,204 shares during the period. Bank of New York Mellon Corp owned about 1.08% of Appliance Recycling Cntrs of Amer worth $80,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 15.66% of the company’s stock.

Appliance Recycling Cntrs of Amer Company Profile

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.

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