Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Shares Shorted: Short Interest Up 211.2% in October

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 16,076 shares, an increase of 211.2% from the September 30th total of 5,166 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 56,919 shares, the days-to-cover ratio is currently 0.3 days.

Flanigan’s Enterprises Price Performance

BDL stock traded up $0.48 during midday trading on Friday, hitting $58.37. The company’s stock had a trading volume of 55,074 shares, compared to its average volume of 20,741. The company has a quick ratio of 1.68, a current ratio of 2.04 and a debt-to-equity ratio of 0.35. Flanigan’s Enterprises has a 12 month low of $27.55 and a 12 month high of $60.97. The company has a 50 day moving average of $47.05 and a two-hundred day moving average of $38.48. The firm has a market capitalization of $108.56 million, a price-to-earnings ratio of 16.60 and a beta of 0.37.

Institutional Investors Weigh In On Flanigan’s Enterprises

A hedge fund recently bought a new stake in Flanigan’s Enterprises stock. BlackRock Inc. acquired a new position in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,414 shares of the company’s stock, valued at approximately $63,000. BlackRock Inc. owned about 0.08% of Flanigan’s Enterprises at the end of the most recent reporting period. Institutional investors own 11.03% of the company’s stock.

About Flanigan’s Enterprises

Flanigan’s Enterprises, Inc operates full-service restaurants and package liquor stores primarily in South Florida. Its restaurant concept, Flanigan’s Seafood Bar & Grill, offers a casual dining atmosphere with a menu that includes seafood, ribs, burgers, sandwiches, salads and other American-style fare, along with alcoholic and nonalcoholic beverages.

The company also operates package liquor stores under the Big Daddy’s Liquors name. These locations sell beer, wine, spirits and related products for off-premises consumption.