Ark Restaurants Corp. (NASDAQ:ARKR) Sees Significant Growth in Short Interest

Ark Restaurants Corp. (NASDAQ:ARKR) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 12,821 shares, an increase of 72.1% from the April 15th total of 7,448 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 3,226 shares, the days-to-cover ratio is currently 4.0 days.

Ark Restaurants Stock Up 2.9%

Ark Restaurants stock opened at $6.80 on Wednesday. Ark Restaurants has a 1-year low of $5.75 and a 1-year high of $12.48. The firm has a market capitalization of $24.55 million, a price-to-earnings ratio of -3.91 and a beta of 0.34. The firm’s fifty day moving average price is $6.81 and its two-hundred day moving average price is $6.83. The company has a current ratio of 0.88, a quick ratio of 0.78 and a debt-to-equity ratio of 0.22.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings data on Monday, May 11th. The restaurant operator reported ($0.50) earnings per share for the quarter. Ark Restaurants had a negative net margin of 3.97% and a negative return on equity of 8.49%. The business had revenue of $36.58 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ark Restaurants in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new position in shares of Ark Restaurants in the third quarter valued at $137,000. Nokomis Capital L.L.C. bought a new position in shares of Ark Restaurants during the third quarter valued at about $148,000. Empowered Funds LLC lifted its position in shares of Ark Restaurants by 8.1% during the first quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 1,674 shares in the last quarter. Finally, CM Management LLC lifted its position in shares of Ark Restaurants by 12.5% during the third quarter. CM Management LLC now owns 225,000 shares of the restaurant operator’s stock valued at $1,602,000 after purchasing an additional 25,000 shares in the last quarter. 31.95% of the stock is owned by institutional investors.

Ark Restaurants Company Profile

Ark Restaurants Corp., traded on NASDAQ under the ticker ARKR, is a Boca Raton, Florida–based restaurant operator. The company owns and manages a portfolio of casual and upscale dining venues that feature Cuban-inspired menus, full-service bars and live entertainment. Its concepts emphasize traditional Latin flavors paired with modern culinary techniques to appeal to a broad range of diners.

Ark Restaurants serves both on-premise and off-premise customers, offering dine-in seating, take-out, delivery and catering services.