Ark Restaurants Corp. (NASDAQ:ARKR) Sees Large Increase in Short Interest

Posted by Teresa Graham on Dec 27th, 2024

Ark Restaurants Corp. (NASDAQ:ARKR – Get Free Report) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 33,800 shares, an increase of 482.8% from the November 30th total of 5,800 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average trading volume of 9,000 shares, the short-interest ratio is currently 3.8 days.

Ark Restaurants Stock Performance

ARKR stock traded up $0.48 during mid-day trading on Friday, hitting $11.49. 1,704 shares of the company were exchanged, compared to its average volume of 5,016. The firm has a market cap of $41.41 million, a P/E ratio of -4.22 and a beta of 0.98. Ark Restaurants has a 1-year low of $9.75 and a 1-year high of $16.25. The firm’s 50 day simple moving average is $11.21 and its 200 day simple moving average is $12.23.

Institutional Investors Weigh In On Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Geode Capital Management LLC raised its position in Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 50.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,949 shares of the restaurant operator’s stock after purchasing an additional 7,017 shares during the quarter. Geode Capital Management LLC owned 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 and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Ark Restaurants in a report on Saturday, December 21st. They issued a “buy” rating for the company.

Read Our Latest Stock Analysis on Ark Restaurants

Ark Restaurants Company Profile

(Get Free Report)

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.