Ark Restaurants Corp. (NASDAQ:ARKR) Short Interest Down 35.9% in August

Ark Restaurants Corp. (NASDAQ:ARKR) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 5,594 shares, a decrease of 35.9% from the August 15th total of 8,730 shares. Based on an average daily trading volume, of 9,354 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ark Restaurants in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ark Restaurants has an average rating of “Sell”.

Institutional Investors Weigh In On Ark Restaurants

An institutional investor recently bought a new stake in Ark Restaurants stock. Susquehanna International Group LLP bought a new stake in Ark Restaurants Corp. (NASDAQ:ARKR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,745 shares of the restaurant operator’s stock, valued at approximately $81,000. Susquehanna International Group LLP owned approximately 0.38% of Ark Restaurants as of its most recent SEC filing. 31.95% of the stock is owned by institutional investors.

Ark Restaurants Stock Performance

Ark Restaurants stock opened at $4.50 on Thursday. Ark Restaurants has a 12-month low of $4.50 and a 12-month high of $9.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.78 and a quick ratio of 0.68. The company has a market capitalization of $16.25 million, a price-to-earnings ratio of -5.11 and a beta of 0.35. The firm’s fifty day moving average price is $5.50 and its 200 day moving average price is $6.20.

Ark Restaurants (NASDAQ:ARKR) last announced its earnings results on Monday, August 10th. The restaurant operator reported ($0.10) earnings per share for the quarter. Ark Restaurants had a negative net margin of 2.04% and a negative return on equity of 10.61%. The business had revenue of $40.88 million for the quarter.

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.