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

Key Points

• Flanigan's Enterprises, Inc. saw a 111.8% increase in short interest in September, rising to 3,600 shares, with a short-interest ratio of 3.3 days based on an average daily trading volume of 1,100 shares.
• Empowered Funds LLC increased its stake in Flanigan's by 3.1% during the first quarter, owning approximately 0.79% of the company, translating to about $364,000 as of its latest SEC filing.
• The stock trading for Flanigan's reached $32.33, with a market cap of $60.12 million, a P/E ratio of 13.87, and noted a fifty-two week range between $22.61 and $35.98.

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - ) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 3,600 shares, a growth of 111.8% from the September 15th total of 1,700 shares. Based on an average daily trading volume, of 1,100 shares, the short-interest ratio is currently 3.3 days. Currently, 0.7% of the shares of the stock are short sold. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,100 shares, the short-interest ratio is currently 3.3 days.

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 shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,725 shares of the company's stock after acquiring an additional 445 shares during the period. Empowered Funds LLC owned about 0.79% of Flanigan's Enterprises worth $364,000 as of its most recent SEC filing. 11.03% of the stock is owned by hedge funds and other institutional investors.

Flanigan's Enterprises Price Performance

Flanigan's Enterprises stock traded up $0.48 during mid-day trading on Wednesday, reaching $32.33. The company had a trading volume of 441 shares, compared to its average volume of 1,166. Flanigan's Enterprises has a fifty-two week low of $22.61 and a fifty-two week high of $35.98. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The company has a market cap of $60.12 million, a P/E ratio of 13.87 and a beta of 0.28. The business has a fifty day simple moving average of $30.32 and a 200 day simple moving average of $29.35.

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.

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