Chanticleer Holdings (NASDAQ:BURG) was the target of a large drop in short interest in the month of November. As of November 29th, there was short interest totalling 39,800 shares, a drop of 24.9% from the November 14th total of 53,000 shares. Based on an average trading volume of 77,800 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the company’s shares are sold short.
An institutional investor recently bought a new position in Chanticleer stock. Anson Funds Management LP purchased a new position in shares of Chanticleer Holdings (NASDAQ:BURG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 194,500 shares of the restaurant operator’s stock, valued at approximately $214,000. Anson Funds Management LP owned approximately 4.94% of Chanticleer as of its most recent SEC filing. 1.60% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on BURG. Zacks Investment Research downgraded shares of Chanticleer from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded shares of Chanticleer from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Oak Ridge Finl. reiterated a “buy” rating on shares of Chanticleer in a research report on Friday, August 16th.
Chanticleer Company Profile
There is no company description available for Chanticleer Holdings Inc
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