Ark Restaurants Corp. (NASDAQ:ARKR) Short Interest Down 59.2% in February

Ark Restaurants Corp. (NASDAQ:ARKR) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 8,116 shares, a decline of 59.2% from the February 12th total of 19,878 shares. Based on an average daily trading volume, of 1,944 shares, the days-to-cover ratio is presently 4.2 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,944 shares, the days-to-cover ratio is presently 4.2 days.

Ark Restaurants Stock Performance

Shares of ARKR stock traded down $0.09 during mid-day trading on Thursday, reaching $6.74. The stock had a trading volume of 1,244 shares, compared to its average volume of 2,483. The firm’s 50 day simple moving average is $6.75 and its 200 day simple moving average is $6.94. The company has a quick ratio of 0.67, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. Ark Restaurants has a one year low of $5.75 and a one year high of $12.60. The firm has a market cap of $24.33 million, a PE ratio of -1.77 and a beta of 0.37.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings data on Monday, February 9th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter. Ark Restaurants had a negative return on equity of 19.82% and a negative net margin of 8.50%.The business had revenue of $40.75 million for the quarter.

Hedge Funds Weigh In On Ark Restaurants

Several hedge funds and other institutional investors have recently modified their holdings of ARKR. CM Management LLC grew its stake 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 worth $1,602,000 after purchasing an additional 25,000 shares during the period. Nokomis Capital L.L.C. bought a new position in Ark Restaurants during the third quarter worth about $148,000. Susquehanna International Group LLP acquired a new position in shares of Ark Restaurants during the 3rd quarter worth about $137,000. Finally, Empowered Funds LLC increased its stake in shares of Ark Restaurants by 8.1% in the 1st quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock valued at $226,000 after acquiring an additional 1,674 shares during the last quarter. Institutional investors own 31.95% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ark Restaurants in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Ark Restaurants currently has an average rating of “Sell”.

About Ark Restaurants

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.