Short Interest in Ark Restaurants Corp (NASDAQ:ARKR) Decreases By 17.6%

Ark Restaurants Corp (NASDAQ:ARKR) was the target of a large decline in short interest in July. As of July 31st, there was short interest totalling 7,000 shares, a decline of 17.6% from the June 30th total of 8,500 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.4% of the shares of the stock are sold short.

ARKR stock traded up $0.01 during mid-day trading on Wednesday, hitting $19.85. The company had a trading volume of 203 shares, compared to its average volume of 2,992. The company has a market capitalization of $69.44 million, a P/E ratio of 17.19 and a beta of 0.45. Ark Restaurants has a 12-month low of $17.75 and a 12-month high of $24.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $20.04.

Ark Restaurants (NASDAQ:ARKR) last announced its earnings results on Monday, August 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter. The firm had revenue of $44.81 million for the quarter. Ark Restaurants had a net margin of 1.82% and a return on equity of 9.33%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Ark Restaurants by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 126,656 shares of the restaurant operator’s stock worth $2,325,000 after acquiring an additional 2,200 shares in the last quarter. Renaissance Technologies LLC grew its stake in Ark Restaurants by 3.5% in the 2nd quarter. Renaissance Technologies LLC now owns 85,900 shares of the restaurant operator’s stock worth $1,757,000 after acquiring an additional 2,880 shares in the last quarter. BlackRock Inc. grew its stake in Ark Restaurants by 9.0% in the 2nd quarter. BlackRock Inc. now owns 10,932 shares of the restaurant operator’s stock worth $224,000 after acquiring an additional 904 shares in the last quarter. Finally, Crown Advisors Management Inc. bought a new position in Ark Restaurants in the 1st quarter worth about $70,000. Hedge funds and other institutional investors own 22.59% of the company’s stock.

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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