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

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

Hedge Funds Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Geode Capital Management LLC lifted 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 filing with the Securities and Exchange Commission. The institutional investor owned 20,949 shares of the restaurant operator’s stock after buying an additional 7,017 shares during the period. Geode Capital Management LLC owned about 0.58% of Ark Restaurants worth $251,000 at the end of the most recent reporting period. 31.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Ark Restaurants Stock Down 4.4 %

ARKR traded down $0.62 on Friday, hitting $13.48. 2,008 shares of the company traded hands, compared to its average volume of 5,079. The company has a 50 day moving average of $11.28 and a 200-day moving average of $12.48. The stock has a market capitalization of $48.53 million, a PE ratio of -4.96 and a beta of 0.98. Ark Restaurants has a 12-month low of $9.75 and a 12-month high of $16.25.

Ark Restaurants Company Profile

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.