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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 2,200 shares, an increase of 144.4% from the October 31st total of 900 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 1,700 shares, the short-interest ratio is presently 1.3 days.

Flanigan’s Enterprises Price Performance

BDL stock opened at $24.75 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.21 and a debt-to-equity ratio of 0.27. Flanigan’s Enterprises has a 1-year low of $24.32 and a 1-year high of $29.72.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Flanigan’s Enterprises in a research note on Saturday. They set a “hold” rating for the company.

Hedge Funds Weigh In On Flanigan’s Enterprises

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC raised its position in shares of Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,030 shares of the company’s stock after purchasing an additional 670 shares during the period. 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. Hedge funds and other institutional investors 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.