Ark Restaurants Corp. (NASDAQ:ARKR) Short Interest Up 482.8% in December

Posted by Nicole Kennedy on Dec 27th, 2024

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

Institutional Investors Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Geode Capital Management LLC increased its position in shares of 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 fund owned 20,949 shares of the restaurant operator’s stock after acquiring an additional 7,017 shares during the quarter. Geode Capital Management LLC owned about 0.58% of Ark Restaurants worth $251,000 as of its most recent SEC filing. 31.95% of the stock is currently owned by institutional investors.

Ark Restaurants Stock Up 4.4 %

ARKR stock traded up $0.48 during midday trading on Friday, reaching $11.49. The company’s stock had a trading volume of 1,704 shares, compared to its average volume of 5,016. The business’s 50-day simple moving average is $11.21 and its 200-day simple moving average is $12.23. Ark Restaurants has a 52 week low of $9.75 and a 52 week high of $16.25. The stock has a market cap of $41.41 million, a PE ratio of -4.22 and a beta of 0.98.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on Ark Restaurants

About Ark Restaurants

(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.