Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) Short Interest Update

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Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 11,100 shares, a growth of 20.7% from the August 30th total of 9,200 shares. Based on an average daily trading volume, of 86,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

An institutional investor recently raised its position in Diversified Restaurant stock. Vanguard Group Inc. boosted its position in shares of Diversified Restaurant Holdings, Inc (NASDAQ:SAUC) by 10.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 374,625 shares of the restaurant operator’s stock after buying an additional 34,900 shares during the period. Vanguard Group Inc. owned approximately 1.13% of Diversified Restaurant worth $277,000 at the end of the most recent quarter. 19.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Diversified Restaurant stock opened at $0.52 on Tuesday. The company has a market capitalization of $17.63 million, a price-to-earnings ratio of -3.06 and a beta of 1.12. Diversified Restaurant has a 12-month low of $0.37 and a 12-month high of $1.55. The firm’s 50-day moving average price is $0.53 and its two-hundred day moving average price is $0.75.

Diversified Restaurant (NASDAQ:SAUC) last announced its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $38.92 million for the quarter.

Diversified Restaurant Company Profile

Diversified Restaurant Holdings, Inc, a restaurant company, operates Buffalo Wild Wings franchised restaurants in the United States. The company primarily offers fresh bone-in chicken wings, frozen boneless chicken, and potatoes. As of March 8, 2018, it operated 65 franchised restaurants in Florida, Illinois, Indiana, Michigan, and Missouri.

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