Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Up 88.9% in September

Key Points

• Flanigan's Enterprises experienced an 88.9% increase in short interest in September, rising from 900 shares to 1,700 shares as of September 15th.
• The company's stock price is currently at $32.24 with a market cap of approximately $59.97 million and a price-to-earnings ratio of 13.84.
• Geode Capital Management recently acquired 7,177 shares of Flanigan's Enterprises, valued at about $249,000, indicating institutional interest in the company.

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - ) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 1,700 shares, a growth of 88.9% from the August 31st total of 900 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.3% of the shares of the company are short sold.

Flanigan's Enterprises Price Performance

NYSEAMERICAN:BDL traded up $2.08 during trading hours on Friday, hitting $32.24. 403 shares of the stock traded hands, compared to its average volume of 1,792. The company has a market cap of $59.97 million, a price-to-earnings ratio of 13.84 and a beta of 0.28. Flanigan's Enterprises has a 1 year low of $22.61 and a 1 year high of $35.98. The stock has a 50 day moving average price of $30.51 and a 200 day moving average price of $28.78. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Flanigan's Enterprises stock. Geode Capital Management LLC purchased a new position in Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,177 shares of the company's stock, valued at approximately $249,000. Geode Capital Management LLC owned approximately 0.39% of Flanigan's Enterprises as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 11.03% of the company's stock.

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.

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