Ark Restaurants Corp. (NASDAQ:ARKR) Short Interest Down 11.6% in January

Ark Restaurants Corp. (NASDAQ:ARKR) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 32,800 shares, a decline of 11.6% from the January 15th total of 37,100 shares. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.1% of the company’s stock are sold short.

Institutional Trading of Ark Restaurants

Several institutional investors and hedge funds have recently bought and sold shares of ARKR. Northern Trust Corp bought a new position in shares of Ark Restaurants during the 4th quarter worth approximately $147,000. Aristides Capital LLC boosted its position in Ark Restaurants by 9.2% during the fourth quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock worth $227,000 after purchasing an additional 1,733 shares during the period. Empowered Funds LLC increased its holdings in shares of Ark Restaurants by 4.9% in the fourth quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock valued at $228,000 after purchasing an additional 967 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Ark Restaurants by 50.4% in the third quarter. Geode Capital Management LLC now owns 20,949 shares of the restaurant operator’s stock valued at $251,000 after purchasing an additional 7,017 shares during the last quarter. Institutional investors own 31.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Ark Restaurants in a research report on Saturday. They set a “buy” rating for the company.

Ark Restaurants Stock Performance

Shares of ARKR opened at $11.29 on Tuesday. The company’s fifty day simple moving average is $12.94 and its 200 day simple moving average is $12.08. Ark Restaurants has a 1-year low of $9.75 and a 1-year high of $17.76.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings data on Monday, February 10th. The restaurant operator reported $0.18 earnings per share for the quarter. Ark Restaurants had a negative net margin of 2.12% and a positive return on equity of 5.68%.

About Ark Restaurants

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.