Ark Restaurants Corp. (NASDAQ:ARKR) Short Interest Update

Ark Restaurants Corp. (NASDAQ:ARKR) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 5,800 shares, a decrease of 20.5% from the November 15th total of 7,300 shares. Based on an average daily trading volume, of 9,700 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Ark Restaurants in a research note on Friday. They set a “buy” rating for the company.

Hedge Funds Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Geode Capital Management LLC boosted its position in Ark Restaurants Corp. (NASDAQ:ARKR) by 50.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,949 shares of the restaurant operator’s stock after purchasing an additional 7,017 shares during the period. Geode Capital Management LLC owned about 0.58% of Ark Restaurants worth $251,000 as of its most recent SEC filing. Institutional investors own 31.95% of the company’s stock.

Ark Restaurants Stock Down 4.4 %

NASDAQ ARKR traded down $0.62 during mid-day trading on Friday, hitting $13.48. The stock had a trading volume of 2,008 shares, compared to its average volume of 5,079. Ark Restaurants has a 52-week low of $9.75 and a 52-week high of $16.25. The company has a market cap of $48.53 million, a price-to-earnings ratio of -4.96 and a beta of 0.98. The company has a 50 day simple moving average of $11.28 and a 200 day simple moving average of $12.48.

Ark Restaurants Company Profile

Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. It operates restaurants in New York City; Washington, DC; Las Vegas, Nevada; Atlantic City, New Jersey; Florida; and Alabama, as well as fast food concepts and catering operations. The company was incorporated in 1983 and is based in New York, New York.