Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL) Stock Short Interest Report for October

Key Points

• Short interest surged 211.2% in October to 16,076 shares, representing 2.3% of Flanigan’s outstanding stock; the days-to-cover ratio remains low at 0.3 days.
• Flanigan’s shares traded up 5.6% and opened at $53.79, matching the stock’s 52-week high. The company has a market capitalization of approximately $100 million and a P/E ratio of 15.07.
• BlackRock acquired a new 1,414-share position valued at about $63,000, while institutional investors and hedge funds collectively own 11.03% of the company.

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 16,076 shares, an increase of 211.2% from the September 30th total of 5,166 shares. Currently, 2.3% of the company's stock are sold short. Based on an average daily trading volume, of 56,919 shares, the days-to-cover ratio is currently 0.3 days.

Flanigan's Enterprises Trading Up 5.6%

NYSEAMERICAN:BDL opened at $53.79 on Thursday. The company has a market capitalization of $100.05 million, a P/E ratio of 15.07 and a beta of 0.37. The stock's 50 day moving average price is $46.83 and its 200 day moving average price is $38.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.68 and a current ratio of 2.04. Flanigan's Enterprises has a 52 week low of $27.55 and a 52 week high of $53.79.

Institutional Investors Weigh In On Flanigan's Enterprises

An institutional investor recently bought a new position in Flanigan's Enterprises stock. BlackRock Inc. bought a new stake in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,414 shares of the company's stock, valued at approximately $63,000. BlackRock Inc. owned approximately 0.08% of Flanigan's Enterprises at the end of the most recent reporting period. 11.03% of the stock is owned by institutional investors and hedge funds.

About Flanigan's Enterprises

Flanigan's Enterprises, Inc operates full-service restaurants and package liquor stores primarily in South Florida. Its restaurant concept, Flanigan's Seafood Bar & Grill, offers a casual dining atmosphere with a menu that includes seafood, ribs, burgers, sandwiches, salads and other American-style fare, along with alcoholic and nonalcoholic beverages.

The company also operates package liquor stores under the Big Daddy's Liquors name. These locations sell beer, wine, spirits and related products for off-premises consumption.

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