Short Interest in Ark Restaurants Corp. (NASDAQ:ARKR) Decreases By 34.1%

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

Ark Restaurants Price Performance

ARKR stock opened at $5.65 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.88 and a debt-to-equity ratio of 0.22. Ark Restaurants has a 52-week low of $5.58 and a 52-week high of $9.50. The stock’s 50 day moving average is $6.03 and its two-hundred day moving average is $6.52. The company has a market capitalization of $20.40 million, a PE ratio of -3.25 and a beta of 0.33.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ARKR. Susquehanna International Group LLP bought a new stake in shares of Ark Restaurants in the 3rd quarter worth about $137,000. Nokomis Capital L.L.C. acquired a new stake in shares of Ark Restaurants in the 3rd quarter valued at about $148,000. Finally, Empowered Funds LLC lifted 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 purchasing an additional 1,674 shares during the last quarter. 31.95% of the stock is owned by institutional investors and hedge funds.

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.