Short traders are feeling a little more bullish on ARC Group Worldwide, Inc. lately if you watch the fall in short interest. The company experienced a fall in short interest of -17.02% as of October 13, 2017 from the last reporting period. Short shares fell from 46,629 to 38,693 over that timeframe. The short-interest ratio increased to 4.0 and the percentage of shorted shares was 0.00% on October 13.
Here are a few substantial investment firms who have updated their positions. Blackrock Inc. divested its position by shedding 21,780 shares a decrease of 92.5% as of 06/30/2017. Blackrock Inc. claims 1,761 shares with a value of $5,000. The value of the position overall is down by 94.9%. Northern Right Capital Management, L.p. bolstered its holdings by buying 290,010 shares an increase of 38.1% in the quarter. Northern Right Capital Management, L.p. owns 1,052,058 shares worth $2,966,000. The total value of its holdings decreased 7.3%.
First Eagle Investment Management, LLC added to its stake by buying 111,154 shares an increase of 7.0%. First Eagle Investment Management, LLC currently owns 1,695,576 shares valued at $4,917,000. The total value of its holdings decreased 26.1%. As of quarter end Ubs Group Ag had disposed of 2,044 shares trimming its stake by 96.6%. The value of the total investment in ARC Group Worldwide, Inc. decreased from $9,000 to $0 a change of $9,000 since the last quarter.
The company is now unchanged by 0.00% since yesterday’s close of $2.65. Company shares last traded at $2.65 which is marginally higher than the 50 day moving average of $2.46 and which is slightly below the 200 day moving average of $2.89. The 50 day moving average went up by +7.53% whereas the 200 day moving average was down $-0.24 or -8.24%.
As of the last earnings report the EPS was $-0.56 and is estimated to be $-0.05 for the current year with 18,209,000 shares presently outstanding. Next quarter’s EPS is estimated at $-0.03 with next year’s EPS projected to be $0.20.
ARC Group Worldwide, Inc., launched on September 30, 1987, is a manufacturing company. The Company has four segments: Precision Components Group, 3DMT Group, Flanges and Fittings Group, and Wireless Group. It provides a set of manufacturing solutions, from design and prototyping through production. Through the Business’s product offering, it provides its customers with a prototyping and production solution for both precision metal and plastic fabrication..