Short Interest in Ark Restaurants Corp. (NASDAQ:ARKR) Grows By 133.9%

Ark Restaurants Corp. (NASDAQ:ARKR) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 18,840 shares, a growth of 133.9% from the December 15th total of 8,055 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 40,490 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 40,490 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ark Restaurants in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Ark Restaurants Trading Down 0.2%

Shares of Ark Restaurants stock opened at $6.42 on Wednesday. The firm’s 50 day moving average is $6.84 and its 200 day moving average is $7.34. The firm has a market capitalization of $23.18 million, a PE ratio of -2.02 and a beta of 0.39. Ark Restaurants has a 1 year low of $5.75 and a 1 year high of $14.60. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06.

Ark Restaurants (NASDAQ:ARKR) last issued its earnings results on Monday, December 15th. The restaurant operator reported ($0.53) earnings per share for the quarter. The company had revenue of $37.32 million during the quarter. Ark Restaurants had a negative net margin of 6.92% and a negative return on equity of 18.53%. During the same quarter in the prior year, the company earned ($1.24) EPS.

Hedge Funds Weigh In On Ark Restaurants

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP bought a new position in Ark Restaurants in the third quarter valued at about $137,000. Nokomis Capital L.L.C. bought a new position in Ark Restaurants in the 3rd quarter valued at approximately $148,000. Empowered Funds LLC raised its holdings in Ark Restaurants by 8.1% in the 1st quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock valued at $226,000 after buying an additional 1,674 shares during the last quarter. Finally, CM Management LLC boosted its position in Ark Restaurants by 12.5% during the 3rd quarter. CM Management LLC now owns 225,000 shares of the restaurant operator’s stock worth $1,602,000 after buying an additional 25,000 shares during the period. Institutional investors and hedge funds own 31.95% of the company’s stock.

Ark Restaurants Company Profile

Ark Restaurants Corp., traded on NASDAQ under the ticker ARKR, is a Boca Raton, Florida–based restaurant operator. The company owns and manages a portfolio of casual and upscale dining venues that feature Cuban-inspired menus, full-service bars and live entertainment. Its concepts emphasize traditional Latin flavors paired with modern culinary techniques to appeal to a broad range of diners.

Ark Restaurants serves both on-premise and off-premise customers, offering dine-in seating, take-out, delivery and catering services.