Ark Restaurants Corp. (NASDAQ:ARKR) Stock Short Interest Report for October

Ark Restaurants Corp. (NASDAQ:ARKR) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 8,047 shares, an increase of 88.9% from the September 30th total of 4,259 shares. Based on an average daily volume of 7,977 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the company’s shares are sold short.

Ark Restaurants Price Performance

NASDAQ ARKR opened at $5.01 on Friday. The company’s 50 day moving average is $4.74 and its two-hundred day moving average is $6.02. Ark Restaurants has a 12 month low of $4.32 and a 12 month high of $9.50. The stock has a market cap of $18.09 million, a price-to-earnings ratio of -5.69 and a beta of 0.37. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.22.

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ark Restaurants in a report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Ark Restaurants has an average rating of “Sell”.

Insider Transactions at Ark Restaurants

In other news, CEO Michael Lawrence Weinstein sold 176,701 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $4.57, for a total transaction of $807,523.57. Following the transaction, the chief executive officer directly owned 856,111 shares of the company’s stock, valued at approximately $3,912,427.27. The trade was a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 37.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ark Restaurants

An institutional investor recently bought a new position in Ark Restaurants stock. Empowered Funds LLC bought a new position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,300 shares of the restaurant operator’s stock, valued at approximately $137,000. Empowered Funds LLC owned 0.65% of Ark Restaurants as of its most recent filing with the Securities and Exchange Commission (SEC). 31.95% of the stock is currently owned by institutional investors.

Ark Restaurants Company Profile

Ark Restaurants Corp. owns and operates a portfolio of restaurants, bars and other food-service venues in the United States. Its establishments span a range of dining formats, including full-service restaurants, casual dining locations, steakhouses, bars and limited-service food concepts. The company serves a variety of cuisines and customer segments, from everyday dining to destination and entertainment-oriented venues.

Ark Restaurants’ operations have historically been concentrated in major hospitality and tourism markets, including New York City, Washington, DC, and Las Vegas, Nevada, with additional locations in other U.S.