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

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

Flanigan’s Enterprises Price Performance

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flanigan’s Enterprises stock. Empowered Funds LLC increased its position in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,030 shares of the company’s stock after buying 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 SEC filing. Institutional investors own 11.03% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Flanigan’s Enterprises in a research report on Sunday, November 24th. They set a “hold” rating for the company.

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.