Short Interest in Ark Restaurants Corp. (NASDAQ:ARKR) Drops By 59.2%

Ark Restaurants Corp. (NASDAQ:ARKR) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 8,116 shares, a decrease of 59.2% from the February 12th total of 19,878 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 1,944 shares, the short-interest ratio is currently 4.2 days. Based on an average trading volume of 1,944 shares, the short-interest ratio is currently 4.2 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

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

Ark Restaurants Stock Performance

ARKR stock opened at $6.78 on Wednesday. Ark Restaurants has a twelve month low of $5.75 and a twelve month high of $12.60. The stock has a market capitalization of $24.48 million, a price-to-earnings ratio of -1.78 and a beta of 0.37. The company has a quick ratio of 0.67, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $6.75 and its two-hundred day simple moving average is $6.94.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings results on Monday, February 9th. The restaurant operator reported $0.25 EPS for the quarter. The firm had revenue of $40.75 million during the quarter. Ark Restaurants had a negative net margin of 8.50% and a negative return on equity of 19.82%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ark Restaurants in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.