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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 2,300 shares, a drop of 32.4% from the December 15th total of 3,400 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 2,100 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analyst Weigh In

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

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 stake in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,030 shares of the company’s stock after buying an additional 670 shares during the period. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent reporting period. 11.03% of the stock is currently owned by institutional investors.

Flanigan’s Enterprises Stock Down 2.4 %

BDL traded down $0.60 on Wednesday, hitting $24.30. 2,642 shares of the company traded hands, compared to its average volume of 3,993. Flanigan’s Enterprises has a 12-month low of $23.94 and a 12-month high of $29.72. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.27.

About Flanigan’s Enterprises

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.