Chanticleer Holdings (NASDAQ:BURG) Sees Significant Growth in Short Interest
Chanticleer Holdings (NASDAQ:BURG) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 280,900 shares, an increase of 50.0% from the July 31st total of 187,300 shares. Based on an average daily volume of 181,800 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.9% of the shares of the company are short sold.
Chanticleer stock traded down $0.01 during midday trading on Thursday, reaching $0.62. 300 shares of the company were exchanged, compared to its average volume of 176,890. The company has a market capitalization of $6.33 million, a price-to-earnings ratio of -0.43 and a beta of 2.53. The firm’s 50-day simple moving average is $0.66 and its 200-day simple moving average is $1.21. Chanticleer has a 1 year low of $0.50 and a 1 year high of $2.95. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.07 and a current ratio of 0.09.
Chanticleer (NASDAQ:BURG) last posted its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). The company had revenue of $10.71 million for the quarter, compared to analysts’ expectations of $11.17 million. Chanticleer had a negative return on equity of 93.39% and a negative net margin of 20.88%. On average, analysts forecast that Chanticleer will post -1.28 EPS for the current fiscal year.
A hedge fund recently bought a new stake in Chanticleer stock. Anson Funds Management LP purchased a new position in Chanticleer Holdings (NASDAQ:BURG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 194,500 shares of the restaurant operator’s stock, valued at approximately $214,000. Anson Funds Management LP owned about 4.94% of Chanticleer at the end of the most recent quarter. 2.85% of the stock is owned by institutional investors and hedge funds.
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