Short Interest in Ark Restaurants Corp. (NASDAQ:ARKR) Grows By 482.8%

Posted by James Conley on Dec 28th, 2024

Ark Restaurants Corp. (NASDAQ:ARKR – Get Free Report) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 33,800 shares, a growth of 482.8% from the November 30th total of 5,800 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 9,000 shares, the short-interest ratio is presently 3.8 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Ark Restaurants in a report on Saturday, December 21st. They issued a “buy” rating for the company.

Read Our Latest Analysis on Ark Restaurants

Institutional Trading of Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Geode Capital Management LLC boosted its holdings in Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 50.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,949 shares of the restaurant operator’s stock after purchasing an additional 7,017 shares during the quarter. Geode Capital Management LLC owned about 0.58% of Ark Restaurants worth $251,000 at the end of the most recent quarter. 31.95% of the stock is currently owned by institutional investors and hedge funds.

Ark Restaurants Stock Performance

Ark Restaurants stock opened at $11.49 on Friday. The stock has a market cap of $41.41 million, a price-to-earnings ratio of -4.22 and a beta of 0.98. The stock’s 50 day simple moving average is $11.20 and its two-hundred day simple moving average is $12.21. Ark Restaurants has a fifty-two week low of $9.75 and a fifty-two week high of $16.25.

About Ark Restaurants

(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.