Short Interest in Ark Restaurants Corp. (NASDAQ:ARKR) Drops By 35.9%

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ark Restaurants stock. Susquehanna International Group LLP acquired a new stake in Ark Restaurants Corp. (NASDAQ:ARKR) during the second quarter, according to its most recent filing with the SEC. The firm acquired 13,745 shares of the restaurant operator’s stock, valued at approximately $81,000. Susquehanna International Group LLP owned about 0.38% of Ark Restaurants as of its most recent filing with the SEC. Institutional investors and hedge funds own 31.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ark Restaurants in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Ark Restaurants Trading Down 0.4%

ARKR opened at $4.65 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $16.77 million, a PE ratio of -5.28 and a beta of 0.35. Ark Restaurants has a 1-year low of $4.50 and a 1-year high of $9.50. The firm has a 50-day moving average price of $5.45 and a two-hundred day moving average price of $6.17.

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

About Ark Restaurants

Ark Restaurants Corp. is a restaurant company that owns, operates and develops a portfolio of full-service dining establishments in the United States. Its restaurants span a range of concepts, including casual dining, upscale dining, steakhouses, seafood restaurants, bars and entertainment-oriented venues.

The company’s operations are concentrated in major hospitality and tourism markets, including New York City, Las Vegas and Florida. Its properties generally serve lunch, dinner and beverages, with some locations also offering private dining, catering, banquets and other special-event services.