Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Down 34.4% in March

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,100 shares, a drop of 34.4% from the February 28th total of 3,200 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 0.9 days.

Flanigan’s Enterprises Stock Performance

Shares of NYSEAMERICAN:BDL traded down $0.28 during trading on Monday, reaching $24.71. 368 shares of the company were exchanged, compared to its average volume of 2,917. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.46. Flanigan’s Enterprises has a 12-month low of $23.94 and a 12-month high of $29.72. The firm has a market cap of $45.96 million, a PE ratio of 13.96 and a beta of 0.68.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Flanigan’s Enterprises in a report on Saturday, January 11th. They issued a “hold” rating on the stock.

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.