Short Interest in Ark Restaurants Corp. (NASDAQ:ARKR) Declines By 59.2%

Ark Restaurants Corp. (NASDAQ:ARKR) was the target of a significant decline in short interest in 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 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 short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 1,944 shares, the days-to-cover ratio is presently 4.2 days.

Ark Restaurants Trading Down 1.3%

Shares of ARKR opened at $6.74 on Friday. The stock’s 50-day moving average price is $6.75 and its 200 day moving average price 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. The firm has a market capitalization of $24.33 million, a price-to-earnings ratio of -1.77 and a beta of 0.37. Ark Restaurants has a 12-month low of $5.75 and a 12-month high of $12.60.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Ark Restaurants

Institutional investors have recently bought and sold shares of the business. CM Management LLC increased its holdings in Ark Restaurants by 12.5% in the 3rd quarter. CM Management LLC now owns 225,000 shares of the restaurant operator’s stock valued at $1,602,000 after buying an additional 25,000 shares during the period. Nokomis Capital L.L.C. bought a new position in shares of Ark Restaurants during the 3rd quarter worth about $148,000. Susquehanna International Group LLP bought a new position in shares of Ark Restaurants during the 3rd quarter worth about $137,000. Finally, Empowered Funds LLC boosted its position in shares of Ark Restaurants by 8.1% during 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 in the last quarter. Institutional investors and hedge funds 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.