Ark Restaurants Corp. (NASDAQ:ARKR) Sees Significant Decrease in Short Interest

Ark Restaurants Corp. (NASDAQ:ARKR) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,885 shares, a decrease of 34.1% from the June 30th total of 10,448 shares. Based on an average trading volume of 2,395 shares, the short-interest ratio is currently 2.9 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Ark Restaurants

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP purchased a new stake in Ark Restaurants during the 3rd quarter valued at $137,000. Nokomis Capital L.L.C. bought a new position in shares of Ark Restaurants during the 3rd quarter valued at $148,000. Finally, Empowered Funds LLC boosted its stake in shares of Ark Restaurants by 8.1% in the 1st 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 during the last quarter. Hedge funds and other institutional investors own 31.95% of the company’s stock.

Wall Street Analyst Weigh In

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

Ark Restaurants Stock Performance

Shares of NASDAQ:ARKR remained flat at $5.65 during midday trading on Friday. The stock had a trading volume of 1,712 shares, compared to its average volume of 1,693. The company has a current ratio of 0.88, a quick ratio of 0.78 and a debt-to-equity ratio of 0.22. Ark Restaurants has a 1 year low of $5.58 and a 1 year high of $9.50. The company has a market capitalization of $20.37 million, a P/E ratio of -3.25 and a beta of 0.33. The stock’s 50 day moving average price is $6.05 and its 200 day moving average price is $6.53.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings data on Monday, May 11th. The restaurant operator reported ($0.50) EPS for the quarter. The business had revenue of $36.58 million during the quarter. Ark Restaurants had a negative return on equity of 8.49% and a negative net margin of 3.97%.

Ark Restaurants Company Profile

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.