Ark Restaurants Corp. (NASDAQ:ARKR) Short Interest Update

Ark Restaurants Corp. (NASDAQ:ARKR) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 8,730 shares, a growth of 49.9% from the July 30th total of 5,825 shares. Based on an average daily trading volume, of 2,802 shares, the short-interest ratio is presently 3.1 days. Approximately 0.4% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ark Restaurants in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Ark Restaurants Price Performance

ARKR stock opened at $5.25 on Thursday. Ark Restaurants has a one year low of $4.81 and a one year high of $9.50. The company’s fifty day moving average price is $5.68 and its 200-day moving average price is $6.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.68 and a current ratio of 0.78. The company has a market capitalization of $18.95 million, a PE ratio of -5.97 and a beta of 0.35.

Ark Restaurants (NASDAQ:ARKR) last posted its earnings results on Monday, August 10th. The restaurant operator reported ($0.10) earnings per share for the quarter. The company had revenue of $40.88 million for the quarter. Ark Restaurants had a negative net margin of 2.04% and a negative return on equity of 10.61%.

Institutional Investors Weigh In On Ark Restaurants

Hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new stake in Ark Restaurants in the second quarter worth $81,000. Empowered Funds LLC purchased a new stake in Ark Restaurants during the second quarter valued at $137,000. Finally, Nokomis Capital L.L.C. bought a new position in Ark Restaurants during the third quarter valued at $148,000. 31.95% of the stock is currently owned by hedge funds and other institutional investors.

About Ark Restaurants

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.