GEN Restaurant Group, Inc. (NASDAQ:GENK) Shares Shorted: Short Interest Down 73.3% in October

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 298,156 shares, a drop of 73.3% from the October 15th total of 1,118,475 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average trading volume of 119,263 shares, the days-to-cover ratio is presently 2.5 days.

GEN Restaurant Group Trading Down 1.0%

GENK stock traded down $0.01 during mid-day trading on Friday, hitting $0.95. 68,765 shares of the company were exchanged, compared to its average volume of 366,794. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $31.32 million, a P/E ratio of -1.08 and a beta of 0.98. The business has a fifty day simple moving average of $1.60 and a 200-day simple moving average of $1.83. GEN Restaurant Group has a 12-month low of $0.92 and a 12-month high of $2.82.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). GEN Restaurant Group had a negative net margin of 2.33% and a negative return on equity of 11.64%. The business had revenue of $55.73 million for the quarter, compared to the consensus estimate of $57.20 million. On average, equities research analysts predict that GEN Restaurant Group will post -0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of GEN Restaurant Group in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.00.

Institutional Trading of GEN Restaurant Group

A hedge fund recently bought a new stake in GEN Restaurant Group stock. Sanders Morris Harris LLC bought a new stake in GEN Restaurant Group, Inc. (NASDAQ:GENK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 609,102 shares of the company’s stock, valued at approximately $1,060,000. Sanders Morris Harris LLC owned 1.85% of GEN Restaurant Group as of its most recent SEC filing. Institutional investors and hedge funds own 10.22% of the company’s stock.

GEN Restaurant Group Company Profile

GEN Restaurant Group, Inc. operates GEN Korean BBQ, an Asian-inspired restaurant concept specializing in Korean barbecue. Its restaurants offer an all-you-can-eat dining experience in which guests select from a menu of marinated meats, seafood, vegetables, appetizers and other Korean- and Asian-influenced dishes that are prepared on tabletop grills. The company’s menu typically includes items such as bulgogi, spicy pork, chicken, beef, shrimp and other barbecue selections, along with traditional Korean side dishes and sauces.