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

Ark Restaurants Corp. (NASDAQ:ARKR) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 13,700 shares, a drop of 35.7% from the March 15th total of 21,300 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARKR. Geode Capital Management LLC lifted its position in Ark Restaurants by 50.4% in the third quarter. Geode Capital Management LLC now owns 20,949 shares of the restaurant operator’s stock worth $251,000 after purchasing an additional 7,017 shares during the period. Empowered Funds LLC raised its holdings in Ark Restaurants by 4.9% in the fourth quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock worth $228,000 after purchasing an additional 967 shares during the period. Aristides Capital LLC grew its holdings in shares of Ark Restaurants by 9.2% in the 4th quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock valued at $227,000 after buying an additional 1,733 shares during the period. Finally, Northern Trust Corp bought a new stake in shares of Ark Restaurants in the 4th quarter valued at $147,000. Institutional investors own 31.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Ark Restaurants in a research report on Saturday, April 12th. They issued a “buy” rating on the stock.

Ark Restaurants Stock Up 1.5 %

Shares of Ark Restaurants stock opened at $8.73 on Friday. The stock has a market cap of $31.44 million, a PE ratio of -15.04 and a beta of 0.65. Ark Restaurants has a 12 month low of $8.25 and a 12 month high of $17.76. The business has a fifty day simple moving average of $10.07 and a 200-day simple moving average of $11.36.

Ark Restaurants (NASDAQ:ARKR) last announced its quarterly earnings results on Monday, February 10th. The restaurant operator reported $0.18 EPS for the quarter. Ark Restaurants had a positive return on equity of 4.22% and a negative net margin of 1.16%.

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.