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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the recipient of a large growth in short interest during the month of 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 daily trading volume, of 1,700 shares, the short-interest ratio is currently 2.0 days. Approximately 0.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Flanigan’s Enterprises in a research report on Tuesday, December 24th. They set a “hold” rating for the company.

Flanigan’s Enterprises Price Performance

Shares of BDL traded up $0.50 during trading hours on Friday, hitting $25.12. 3,818 shares of the stock were exchanged, compared to its average volume of 2,861. Flanigan’s Enterprises has a fifty-two week low of $23.94 and a fifty-two week high of $29.72. The company has a current ratio of 1.57, a quick ratio of 1.21 and a debt-to-equity ratio of 0.27.

Institutional Trading of Flanigan’s Enterprises

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

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.