Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Up 144.4% in November

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 2,200 shares, a growth of 144.4% from the October 31st total of 900 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is currently 1.3 days. Currently, 0.4% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Flanigan’s Enterprises in a research note on Sunday. They issued a “hold” rating on the stock.

Institutional Trading of Flanigan’s Enterprises

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC lifted its holdings in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing. 11.03% of the stock is currently owned by institutional investors and hedge funds.

Flanigan’s Enterprises Stock Down 0.8 %

BDL traded down $0.19 during trading on Thursday, hitting $24.75. The company had a trading volume of 1,255 shares, compared to its average volume of 2,910. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. Flanigan’s Enterprises has a one year low of $24.32 and a one year 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.