GEN Restaurant Group, Inc. (NASDAQ:GENK) Shares Shorted: Short Interest Down 73.3% in October

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 298,156 shares, a decline of 73.3% from the October 15th total of 1,118,475 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 119,263 shares, the days-to-cover ratio is presently 2.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of GEN Restaurant Group in a research note on Wednesday, November 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, GEN Restaurant Group has an average rating of “Hold” and an average price target of $3.00.

GEN Restaurant Group Stock Down 1.0%

Shares of GENK stock traded down $0.01 during trading on Friday, reaching $0.95. The company’s stock had a trading volume of 68,765 shares, compared to its average volume of 366,794. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.29 and a quick ratio of 0.25. The company has a market capitalization of $31.32 million, a price-to-earnings ratio of -1.08 and a beta of 0.98. The stock’s 50-day moving average price is $1.60 and its 200 day moving average price is $1.83. GEN Restaurant Group has a 1-year low of $0.92 and a 1-year high of $2.82.

GEN Restaurant Group (NASDAQ:GENK) last announced its earnings results on Monday, August 10th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $55.73 million for the quarter, compared to the consensus estimate of $57.20 million. GEN Restaurant Group had a negative net margin of 2.33% and a negative return on equity of 11.64%. On average, research analysts anticipate that GEN Restaurant Group will post -0.74 EPS for the current year.

Hedge Funds Weigh In On GEN Restaurant Group

An institutional investor recently raised its stake in GEN Restaurant Group stock. Skylands Capital LLC grew its holdings in GEN Restaurant Group, Inc. (NASDAQ:GENK) by 14.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,733 shares of the company’s stock after acquiring an additional 26,320 shares during the period. Skylands Capital LLC owned about 0.61% of GEN Restaurant Group worth $326,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 10.22% of the company’s stock.

About GEN Restaurant Group

GEN Restaurant Group, Inc. operates GEN Korean BBQ, an Asian-inspired restaurant concept specializing in Korean barbecue. Its restaurants offer an all-you-can-eat dining experience in which guests select from a menu of marinated meats, seafood, vegetables, appetizers and other Korean- and Asian-influenced dishes that are prepared on tabletop grills. The company’s menu typically includes items such as bulgogi, spicy pork, chicken, beef, shrimp and other barbecue selections, along with traditional Korean side dishes and sauces.