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

Posted by Nicole Kennedy on Dec 27th, 2024

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Get Free Report) saw a significant growth in short interest in 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. Based on an average trading volume of 1,700 shares, the short-interest ratio is presently 2.0 days. Approximately 0.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on Flanigan’s Enterprises

Hedge Funds Weigh In On Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC grew its holdings in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL – Free Report) by 5.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 14,030 shares of the company’s stock after acquiring an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 as of its most recent SEC filing. 11.03% of the stock is owned by institutional investors and hedge funds.

Flanigan’s Enterprises Price Performance

Flanigan’s Enterprises stock traded up $0.13 during midday trading on Friday, hitting $24.75. The stock had a trading volume of 3,321 shares, compared to its average volume of 2,858. Flanigan’s Enterprises has a 12 month low of $23.94 and a 12 month high of $29.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.21.

About Flanigan’s Enterprises

(Get Free Report)

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.