Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Down 32.4% in December

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,300 shares, a decrease of 32.4% from the December 15th total of 3,400 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 1.1 days.

Flanigan’s Enterprises Trading Down 2.4 %

Shares of BDL traded down $0.60 during mid-day trading on Wednesday, reaching $24.30. The stock had a trading volume of 2,642 shares, compared to its average volume of 3,993. Flanigan’s Enterprises has a 52-week low of $23.94 and a 52-week high of $29.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.21.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Flanigan’s Enterprises in a report on Saturday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC grew its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,030 shares of the company’s stock after purchasing an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 11.03% of the company’s stock.

About Flanigan’s Enterprises

Flanigan’s Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. The company operates in two segments, Package Stores and Restaurants. It operates package liquor stores under the Big Daddy’s Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan’s Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.