The ONE Group Hospitality, Inc. (NASDAQ:STKS) Short Interest Up 30.5% in April

The ONE Group Hospitality, Inc. (NASDAQ:STKS) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 155,900 shares, a growth of 30.5% from the March 31st total of 119,500 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 171,500 shares, the days-to-cover ratio is currently 0.9 days.

STKS has been the topic of several research reports. Zacks Investment Research lowered The ONE Group Hospitality from a “buy” rating to a “hold” rating in a research report on Saturday, April 10th. Lake Street Capital lifted their price target on The ONE Group Hospitality from $3.50 to $10.00 and gave the company a “buy” rating in a research report on Monday, March 22nd. Piper Sandler lifted their price target on The ONE Group Hospitality from $4.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, March 25th. Finally, Loop Capital lifted their price target on The ONE Group Hospitality from $4.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, March 22nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The ONE Group Hospitality currently has a consensus rating of “Buy” and an average price target of $9.56.

Shares of STKS stock remained flat at $$9.46 during mid-day trading on Tuesday. The stock had a trading volume of 5,260 shares, compared to its average volume of 157,341. The ONE Group Hospitality has a 52-week low of $1.25 and a 52-week high of $10.90. The company has a 50-day moving average of $8.42 and a 200-day moving average of $4.85. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.27 and a current ratio of 1.35. The firm has a market capitalization of $275.48 million, a PE ratio of 25.57 and a beta of 2.42.

The ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Friday, March 19th. The restaurant operator reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $44.99 million during the quarter, compared to analysts’ expectations of $38.50 million. The ONE Group Hospitality had a negative return on equity of 6.58% and a net margin of 7.71%. As a group, equities research analysts predict that The ONE Group Hospitality will post -0.03 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in The ONE Group Hospitality during the third quarter valued at about $47,000. Squarepoint Ops LLC purchased a new stake in shares of The ONE Group Hospitality in the fourth quarter worth about $111,000. Northern Trust Corp raised its position in The ONE Group Hospitality by 81.1% during the fourth quarter. Northern Trust Corp now owns 37,982 shares of the restaurant operator’s stock valued at $141,000 after purchasing an additional 17,013 shares during the period. BlackRock Inc. raised its position in The ONE Group Hospitality by 7.4% during the fourth quarter. BlackRock Inc. now owns 91,181 shares of the restaurant operator’s stock valued at $337,000 after purchasing an additional 6,304 shares during the period. Finally, Renaissance Technologies LLC raised its position in The ONE Group Hospitality by 55.8% during the fourth quarter. Renaissance Technologies LLC now owns 216,477 shares of the restaurant operator’s stock valued at $801,000 after purchasing an additional 77,498 shares during the period. 6.31% of the stock is owned by institutional investors and hedge funds.

About The ONE Group Hospitality

The ONE Group Hospitality, Inc, a hospitality company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.

Read More: What is a stock split?

Receive News & Ratings for The ONE Group Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The ONE Group Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.