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

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

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Ark Restaurants in a research report on Friday. They issued a “buy” rating for the company.

Institutional Trading of Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Geode Capital Management LLC boosted its holdings in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 50.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 and hedge funds own 31.95% of the company’s stock.

Ark Restaurants Stock Down 4.4 %

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

About Ark Restaurants

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.