Short Interest in Nathan’s Famous, Inc. (NASDAQ:NATH) Expands By 16.3%

Nathan’s Famous, Inc. (NASDAQ:NATHGet Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 12,100 shares, a growth of 16.3% from the April 30th total of 10,400 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is currently 3.1 days.

Nathan’s Famous Price Performance

NASDAQ NATH opened at $70.89 on Monday. The company has a market cap of $289.23 million, a P/E ratio of 15.25 and a beta of 0.27. The stock has a 50-day moving average of $67.33 and a two-hundred day moving average of $69.43. Nathan’s Famous has a 1-year low of $61.35 and a 1-year high of $83.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its stake in shares of Nathan’s Famous by 102.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 336 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Gladius Capital Management LP purchased a new position in Nathan’s Famous in the third quarter valued at $32,000. Victory Capital Management Inc. acquired a new position in Nathan’s Famous during the 4th quarter worth $104,000. Allspring Global Investments Holdings LLC purchased a new stake in Nathan’s Famous during the 3rd quarter worth about $107,000. Finally, Meixler Investment Management Ltd. acquired a new stake in Nathan’s Famous in the 1st quarter valued at about $322,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Company Profile

(Get Free Report)

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.

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