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%.
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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