Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Sees Large Increase in Short Interest

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,200 shares, an increase of 144.4% from the October 31st total of 900 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC grew its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,030 shares of the company’s stock after purchasing an additional 670 shares during the period. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent quarter. 11.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Flanigan’s Enterprises in a report on Saturday. They issued a “hold” rating for the company.

Flanigan’s Enterprises Stock Performance

Shares of NYSEAMERICAN BDL opened at $24.75 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.21 and a debt-to-equity ratio of 0.27. Flanigan’s Enterprises has a fifty-two week low of $24.32 and a fifty-two week high of $29.72.

Flanigan’s Enterprises Company Profile

Flanigan’s Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. The company operates in two segments, Package Stores and Restaurants. It operates package liquor stores under the Big Daddy’s Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan’s Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.