Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Sees Significant Decrease in Short Interest

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 2,100 shares, a decline of 34.4% from the February 28th total of 3,200 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is presently 0.9 days.

Flanigan’s Enterprises Trading Down 2.0 %

NYSEAMERICAN BDL traded down $0.51 during trading hours on Friday, reaching $24.99. 1,813 shares of the company traded hands, compared to its average volume of 2,931. The company has a market capitalization of $46.48 million, a price-to-earnings ratio of 14.12 and a beta of 0.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.46 and a quick ratio of 1.16. Flanigan’s Enterprises has a 12 month low of $23.94 and a 12 month high of $29.72.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Flanigan’s Enterprises in a research note on Saturday, January 11th. They issued a “hold” rating on the stock.

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.