Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Update

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 3,400 shares, a growth of 112.5% from the November 30th total of 1,600 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC raised its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,030 shares of the company’s stock after purchasing an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent quarter. 11.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Flanigan’s Enterprises in a report on Tuesday. They issued a “hold” rating for the company.

Flanigan’s Enterprises Stock Performance

Flanigan’s Enterprises stock traded up $0.13 during mid-day trading on Friday, hitting $24.75. The company’s stock had a trading volume of 3,321 shares, compared to its average volume of 2,858. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 1.57. Flanigan’s Enterprises has a twelve month low of $23.94 and a twelve month high of $29.72.

Flanigan’s Enterprises Company Profile

Flanigan’s Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. The company operates in two segments, Package Stores and Restaurants. It operates package liquor stores under the Big Daddy’s Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan’s Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.