Ark Restaurants Corp (NASDAQ:ARKR) Sees Large Drop in Short Interest

Ark Restaurants Corp (NASDAQ:ARKR) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 6,400 shares, a decrease of 50.0% from the May 30th total of 12,800 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is presently 2.4 days.

A number of large investors have recently added to or reduced their stakes in ARKR. Dimensional Fund Advisors LP raised its stake in Ark Restaurants by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 126,656 shares of the restaurant operator’s stock valued at $2,325,000 after purchasing an additional 2,200 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in Ark Restaurants by 5.0% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 289,592 shares of the restaurant operator’s stock valued at $5,644,000 after purchasing an additional 13,794 shares during the last quarter. Finally, Crown Advisors Management Inc. acquired a new position in Ark Restaurants during the 1st quarter valued at $70,000. Hedge funds and other institutional investors own 23.34% of the company’s stock.

NASDAQ ARKR opened at $20.21 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average price is $20.22. The company has a market cap of $70.68 million, a P/E ratio of 17.88 and a beta of 0.47. Ark Restaurants has a 1 year low of $17.75 and a 1 year high of $24.65.

Ark Restaurants (NASDAQ:ARKR) last released its earnings results on Monday, May 13th. The restaurant operator reported ($0.18) EPS for the quarter. The company had revenue of $35.31 million for the quarter. Ark Restaurants had a net margin of 1.82% and a return on equity of 9.33%.

The business also recently announced a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Saturday, June 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend was Thursday, June 20th.

Ark Restaurants Company Profile

Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. As of September 29, 2018, it owned and/or operated 20 restaurants and bars, including 5 facilities located in New York City; 2 in Washington, DC; 5 in Las Vegas, Nevada; 3 in Atlantic City, New Jersey; 1 in the Faneuil Hall Marketplace in Boston, Massachusetts; 2 on the east coast of Florida; and 2 on the gulf coast of Alabama, as well as had 19 fast food concepts and catering operations.

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