Short Interest in Ark Restaurants Corp. (NASDAQ:ARKR) Decreases By 6.5%

Posted by Don Miller on May 1st, 2024

Ark Restaurants Corp. (NASDAQ:ARKR – Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 14,500 shares, a drop of 6.5% from the March 31st total of 15,500 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 2,200 shares, the short-interest ratio is currently 6.6 days.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ARKR shares. StockNews.com started coverage on Ark Restaurants in a research note on Thursday, April 25th. They set a “buy” rating on the stock. TheStreet upgraded Ark Restaurants from a “d+” rating to a “c” rating in a research report on Thursday, March 14th.

View Our Latest Stock Analysis on ARKR

Ark Restaurants Stock Down 0.2 %

Shares of ARKR opened at $13.60 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.68 and a current ratio of 0.79. Ark Restaurants has a fifty-two week low of $10.27 and a fifty-two week high of $18.75. The firm has a 50 day moving average price of $13.91 and a 200-day moving average price of $14.54.

Ark Restaurants (NASDAQ:ARKR – Get Free Report) last released its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.38 EPS for the quarter. The firm had revenue of $47.49 million for the quarter. Ark Restaurants had a positive return on equity of 2.77% and a negative net margin of 3.40%.

Ark Restaurants Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were given a $0.188 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.53%. Ark Restaurants’s dividend payout ratio is currently -42.86%.

Ark Restaurants Company Profile

(Get Free Report)

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.