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

Ark Restaurants Corp. (NASDAQ:ARKR) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 7,500 shares, a drop of 43.6% from the October 15th total of 13,300 shares. Based on an average daily trading volume, of 5,800 shares, the short-interest ratio is presently 1.3 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC lifted its stake in Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,544 shares of the restaurant operator’s stock after buying an additional 1,225 shares during the period. Empowered Funds LLC owned approximately 0.49% of Ark Restaurants worth $246,000 as of its most recent SEC filing. Institutional investors own 31.95% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Ark Restaurants in a research report on Monday. They set a “buy” rating for the company.

Ark Restaurants Price Performance

ARKR stock traded down $0.14 during midday trading on Friday, reaching $10.25. The company had a trading volume of 688 shares, compared to its average volume of 3,726. The firm has a 50-day moving average price of $11.44 and a 200-day moving average price of $12.91. Ark Restaurants has a 1 year low of $9.80 and a 1 year high of $16.25. The company has a market capitalization of $36.90 million, a P/E ratio of -3.77 and a beta of 1.02.

Ark Restaurants (NASDAQ:ARKR) last announced 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 for the quarter. Ark Restaurants had a positive return on equity of 0.14% and a negative net margin of 5.31%.

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.