Ark Restaurants Corp. (NASDAQ:ARKR) Short Interest Up 49.9% in August

Ark Restaurants Corp. (NASDAQ:ARKR) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 8,730 shares, an increase of 49.9% from the July 30th total of 5,825 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 2,802 shares, the days-to-cover ratio is presently 3.1 days.

Ark Restaurants Price Performance

Shares of ARKR opened at $5.38 on Wednesday. The company has a market cap of $19.42 million, a P/E ratio of -6.11 and a beta of 0.35. Ark Restaurants has a fifty-two week low of $4.81 and a fifty-two week high of $9.50. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average price is $5.70 and its 200 day moving average price is $6.35.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings results on Monday, August 10th. The restaurant operator reported ($0.10) EPS for the quarter. Ark Restaurants had a negative return on equity of 10.61% and a negative net margin of 2.04%.The business had revenue of $40.88 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ark Restaurants in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ARKR. Susquehanna International Group LLP purchased a new stake in Ark Restaurants during the 2nd quarter worth about $81,000. Nokomis Capital L.L.C. acquired a new position in shares of Ark Restaurants during the third quarter worth about $148,000. Finally, Empowered Funds LLC grew its position in shares of 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 buying an additional 1,674 shares in the last quarter. 31.95% of the stock is owned by institutional investors and hedge funds.

About Ark Restaurants

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.