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

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

Ark Restaurants Price Performance

NASDAQ:ARKR remained flat at $6.59 during trading hours on Monday. The company’s stock had a trading volume of 2,304 shares, compared to its average volume of 11,796. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.78 and a current ratio of 0.88. Ark Restaurants has a fifty-two week low of $5.75 and a fifty-two week high of $12.60. The firm has a market cap of $23.79 million, a P/E ratio of -3.79 and a beta of 0.34. The business’s 50 day simple moving average is $6.82 and its 200-day simple moving average is $6.84.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings results 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 firm had revenue of $36.58 million for the quarter.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CM Management LLC boosted its position in shares of Ark Restaurants by 12.5% in 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. purchased a new stake in shares of Ark Restaurants during the third quarter worth about $148,000. Susquehanna International Group LLP purchased a new stake in shares of Ark Restaurants during the third quarter worth about $137,000. Finally, Empowered Funds LLC grew 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 worth $226,000 after purchasing an additional 1,674 shares in the last quarter. Institutional investors own 31.95% of the company’s stock.

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.