Ark Restaurants Corp. (NASDAQ:ARKR) Short Interest Down 27.7% in September

Ark Restaurants Corp. (NASDAQ:ARKR) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 10,700 shares, a decrease of 27.7% from the August 31st total of 14,800 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC boosted its holdings in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,383 shares of the restaurant operator’s stock after purchasing an additional 1,674 shares during the quarter. Empowered Funds LLC owned about 0.62% of Ark Restaurants worth $226,000 as of its most recent SEC filing. 31.95% of the stock is owned by institutional investors.

Ark Restaurants Price Performance

ARKR stock opened at $7.22 on Thursday. Ark Restaurants has a one year low of $6.38 and a one year high of $17.76. The company’s fifty day moving average price is $7.20 and its 200-day moving average price is $8.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.88. The company has a market capitalization of $26.05 million, a PE ratio of -1.86 and a beta of 0.78.

Ark Restaurants (NASDAQ:ARKR) last released its earnings results on Monday, August 11th. The restaurant operator reported $0.07 EPS for the quarter. Ark Restaurants had a negative net margin of 8.15% and a negative return on equity of 11.48%. The firm had revenue of $43.72 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ark Restaurants in a research report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Ark Restaurants

Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. It operates restaurants in New York City; Washington, DC; Las Vegas, Nevada; Atlantic City, New Jersey; Florida; and Alabama, as well as fast food concepts and catering operations. The company was incorporated in 1983 and is based in New York, New York.