GEN Restaurant Group, Inc. (NASDAQ:GENK) Sees Large Increase in Short Interest

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,118,475 shares, a growth of 288.8% from the September 30th total of 287,648 shares. Approximately 8.3% of the company’s shares are short sold. Based on an average daily trading volume, of 5,286,523 shares, the days-to-cover ratio is presently 0.2 days.

GEN Restaurant Group Stock Performance

NASDAQ GENK traded down $0.03 during trading on Friday, reaching $1.60. 15,546 shares of the company’s stock were exchanged, compared to its average volume of 372,200. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.29 and a quick ratio of 0.25. GEN Restaurant Group has a fifty-two week low of $1.39 and a fifty-two week high of $3.02. The business has a 50 day moving average price of $1.72 and a 200-day moving average price of $1.88. The stock has a market capitalization of $52.92 million, a P/E ratio of -1.93 and a beta of 0.98.

GEN Restaurant Group (NASDAQ:GENK) last posted its earnings results on Monday, August 10th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). The company had revenue of $55.73 million for the quarter, compared to the consensus estimate of $57.20 million. GEN Restaurant Group had a negative return on equity of 7.76% and a negative net margin of 2.09%. Sell-side analysts forecast that GEN Restaurant Group will post -0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on GENK. Zacks Research raised shares of GEN Restaurant Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of GEN Restaurant Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, GEN Restaurant Group has a consensus rating of “Hold” and a consensus target price of $3.00.

Hedge Funds Weigh In On GEN Restaurant Group

An institutional investor recently raised its position in GEN Restaurant Group stock. Skylands Capital LLC raised its position in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) by 14.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 202,733 shares of the company’s stock after purchasing an additional 26,320 shares during the quarter. Skylands Capital LLC owned approximately 0.61% of GEN Restaurant Group worth $326,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

About GEN Restaurant Group

GEN Restaurant Group, Inc operates GEN Korean BBQ, an Asian-inspired restaurant concept specializing in Korean barbecue. Its restaurants offer an all-you-can-eat dining experience in which guests select from a menu of marinated meats, seafood, vegetables, appetizers and other Korean- and Asian-influenced dishes that are prepared on tabletop grills.

The company’s menu typically includes items such as bulgogi, spicy pork, chicken, beef, shrimp and other barbecue selections, along with traditional Korean side dishes and sauces.