Ark Restaurants Corp. (NASDAQ:ARKR) Short Interest Update

Ark Restaurants Corp. (NASDAQ:ARKR) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 8,200 shares, a growth of 64.0% from the September 15th total of 5,000 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 1.6 days.

Ark Restaurants Stock Performance

Shares of NASDAQ ARKR opened at $11.80 on Friday. The business has a fifty day moving average of $12.09 and a two-hundred day moving average of $13.35. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $16.25. The stock has a market cap of $42.53 million, a PE ratio of -5.84 and a beta of 1.01.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings data on Monday, August 12th. The restaurant operator reported $0.72 earnings per share for the quarter. The company had revenue of $50.40 million during the quarter. Ark Restaurants had a negative net margin of 5.31% and a positive return on equity of 0.14%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Ark Restaurants in a report on Thursday. They set a “buy” rating on the stock.

Institutional Investors Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. CM Management LLC increased its stake in Ark Restaurants Corp. (NASDAQ:ARKR) by 8.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the restaurant operator’s stock after purchasing an additional 15,393 shares during the period. Ark Restaurants accounts for 2.3% of CM Management LLC’s portfolio, making the stock its 13th largest holding. CM Management LLC owned about 5.55% of Ark Restaurants worth $2,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 31.95% of the stock is owned by institutional investors and hedge funds.

About Ark Restaurants

Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. It operates restaurants in New York City; Washington, DC; Las Vegas, Nevada; Atlantic City, New Jersey; Florida; and Alabama, as well as fast food concepts and catering operations. The company was incorporated in 1983 and is based in New York, New York.