Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Update

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 3,400 shares, an increase of 112.5% from the November 30th total of 1,600 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is currently 2.0 days.

Flanigan’s Enterprises Price Performance

BDL traded up $0.50 on Friday, hitting $25.12. The company had a trading volume of 3,818 shares, compared to its average volume of 2,861. Flanigan’s Enterprises has a 52-week low of $23.94 and a 52-week high of $29.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 1.57.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Flanigan’s Enterprises in a research report on Tuesday, December 24th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC raised its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the third quarter, according to its most recent Form 13F filing with the 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 as of its most recent SEC filing. Institutional investors own 11.03% of the company’s 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.