Ark Restaurants Corp. (NASDAQ:ARKR) Short Interest Down 35.9% in August

Ark Restaurants Corp. (NASDAQ:ARKR) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 5,594 shares, a decrease of 35.9% from the August 15th total of 8,730 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 9,354 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Ark Restaurants

A hedge fund recently bought a new stake in Ark Restaurants stock. Empowered Funds LLC bought a new position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,300 shares of the restaurant operator’s stock, valued at approximately $137,000. Empowered Funds LLC owned 0.65% of Ark Restaurants as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 31.95% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ark Restaurants in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ark Restaurants presently has a consensus rating of “Sell”.

Ark Restaurants Trading Down 5.5%

NASDAQ:ARKR opened at $4.50 on Thursday. The company has a market cap of $16.25 million, a PE ratio of -5.11 and a beta of 0.35. The business’s 50 day moving average is $5.50 and its two-hundred day moving average is $6.20. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.22. Ark Restaurants has a 52 week low of $4.50 and a 52 week high of $9.50.

Ark Restaurants (NASDAQ:ARKR) last issued its quarterly earnings results on Monday, August 10th. The restaurant operator reported ($0.10) earnings per share for the quarter. The firm 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%.

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.