Ark Restaurants Corp. (NASDAQ:ARKR) Stock Short Interest Report for October

Ark Restaurants Corp. (NASDAQ:ARKR) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 8,047 shares, a growth of 88.9% from the September 30th total of 4,259 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 7,977 shares, the short-interest ratio is currently 1.0 days.

Ark Restaurants Stock Down 3.2%

NASDAQ ARKR opened at $4.85 on Tuesday. Ark Restaurants has a twelve month low of $4.32 and a twelve month high of $9.50. The stock has a fifty day simple moving average of $4.72 and a 200-day simple moving average of $6.01. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.22.

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

Insider Activity at Ark Restaurants

In related news, CEO Michael Lawrence Weinstein sold 176,701 shares of the company’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $4.57, for a total value of $807,523.57. Following the transaction, the chief executive officer directly owned 856,111 shares of the company’s stock, valued at $3,912,427.27. This represents a 17.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 37.46% of the company’s stock.

Institutional Investors Weigh In On Ark Restaurants

A hedge fund recently bought a new position in Ark Restaurants stock. Susquehanna International Group LLP purchased a new position in Ark Restaurants Corp. (NASDAQ:ARKR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 13,745 shares of the restaurant operator’s stock, valued at approximately $81,000. Susquehanna International Group LLP owned approximately 0.38% of Ark Restaurants as of its most recent filing with the Securities & Exchange Commission. 31.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ark Restaurants in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Ark Restaurants has an average rating of “Sell”.

About Ark Restaurants

Ark Restaurants Corp. owns and operates a portfolio of restaurants, bars and other food-service venues in the United States. Its establishments span a range of dining formats, including full-service restaurants, casual dining locations, steakhouses, bars and limited-service food concepts. The company serves a variety of cuisines and customer segments, from everyday dining to destination and entertainment-oriented venues.

Ark Restaurants’ operations have historically been concentrated in major hospitality and tourism markets, including New York City, Washington, DC, and Las Vegas, Nevada, with additional locations in other U.S.