One Group Hospitality Inc (NASDAQ:STKS) Short Interest Update

One Group Hospitality Inc (NASDAQ:STKS) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 320,900 shares, an increase of 16.8% from the January 15th total of 274,800 shares. Based on an average trading volume of 43,100 shares, the short-interest ratio is presently 7.4 days. Approximately 2.4% of the shares of the stock are short sold.

A number of analysts have recently issued reports on the company. ValuEngine upgraded One Group Hospitality from a “sell” rating to a “hold” rating in a research report on Monday, December 30th. Zacks Investment Research upgraded shares of One Group Hospitality from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research report on Tuesday, November 12th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $5.00 target price on shares of One Group Hospitality in a research note on Monday, December 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. One Group Hospitality currently has a consensus rating of “Buy” and a consensus target price of $4.25.

Shares of One Group Hospitality stock traded up $0.05 on Friday, hitting $4.55. 9,803 shares of the company traded hands, compared to its average volume of 64,695. The firm’s 50-day simple moving average is $3.95 and its 200 day simple moving average is $3.26. The company has a current ratio of 0.87, a quick ratio of 0.76 and a debt-to-equity ratio of 4.84. The company has a market cap of $128.49 million, a P/E ratio of 30.00 and a beta of 0.73. One Group Hospitality has a 12-month low of $2.40 and a 12-month high of $4.59.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ridgewood Investments LLC grew its position in One Group Hospitality by 24.1% in the fourth quarter. Ridgewood Investments LLC now owns 62,049 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 12,049 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in One Group Hospitality during the fourth quarter valued at about $47,000. BlackRock Inc. lifted its stake in One Group Hospitality by 122.9% during the second quarter. BlackRock Inc. now owns 86,679 shares of the restaurant operator’s stock worth $278,000 after purchasing an additional 47,797 shares during the last quarter. Boston Partners bought a new stake in One Group Hospitality during the third quarter worth about $219,000. Finally, Vanguard Group Inc. boosted its holdings in shares of One Group Hospitality by 84.0% in the 2nd quarter. Vanguard Group Inc. now owns 713,107 shares of the restaurant operator’s stock worth $2,282,000 after purchasing an additional 325,536 shares in the last quarter. 4.83% of the stock is owned by institutional investors.

One Group Hospitality Company Profile

The ONE Group Hospitality, Inc, a hospitality company, develops, owns, and operates restaurants and lounges worldwide. It operates in three segments: Owned Restaurants; Owned Food, Beverage and Other; and Managed and Licensed Operations. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.

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