Short Interest in Ark Restaurants Corp. (NASDAQ:ARKR) Decreases By 13.4%

Ark Restaurants Corp. (NASDAQ:ARKR) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 16,314 shares, a decrease of 13.4% from the December 31st total of 18,840 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 2,929 shares, the short-interest ratio is currently 5.6 days. Based on an average daily volume of 2,929 shares, the short-interest ratio is currently 5.6 days. Approximately 0.7% of the company’s shares are short sold.

Hedge Funds Weigh In On Ark Restaurants

Institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new position in Ark Restaurants during the third quarter valued at $137,000. Nokomis Capital L.L.C. purchased a new position in Ark Restaurants during the 3rd quarter valued at about $148,000. Empowered Funds LLC boosted its stake in Ark Restaurants by 8.1% during the first quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 1,674 shares in the last quarter. Finally, CM Management LLC boosted its stake in Ark Restaurants by 12.5% during the third quarter. CM Management LLC now owns 225,000 shares of the restaurant operator’s stock worth $1,602,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors own 31.95% of the company’s stock.

Ark Restaurants Price Performance

Shares of NASDAQ ARKR opened at $6.84 on Tuesday. Ark Restaurants has a 1 year low of $5.75 and a 1 year high of $13.80. The stock has a market capitalization of $24.70 million, a P/E ratio of -2.15 and a beta of 0.38. The company’s 50-day moving average is $6.69 and its 200 day moving average is $7.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.68.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ark Restaurants in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus 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.