Short Interest in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Increases By 45.5%

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 3,200 shares, a growth of 45.5% from the January 15th total of 2,200 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Flanigan’s Enterprises in a report on Saturday, January 11th. They set a “hold” rating on the stock.

Flanigan’s Enterprises Stock Performance

Flanigan’s Enterprises stock opened at $24.95 on Friday. The firm has a market cap of $46.41 million, a PE ratio of 13.86 and a beta of 0.68. The company has a current ratio of 1.58, a quick ratio of 1.23 and a debt-to-equity ratio of 0.27. Flanigan’s Enterprises has a 1-year low of $23.94 and a 1-year high of $29.72.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flanigan’s Enterprises stock. Empowered Funds LLC boosted its position 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. The fund owned 14,030 shares of the company’s stock after buying an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Flanigan’s Enterprises were worth $375,000 at the end of the most recent reporting period. 11.03% of the stock is currently owned by institutional investors and hedge funds.

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.