What’s Nathans Famous Incorporated (NASDAQ:NATH) Upside After This Short Interest Increase?

July 17, 2017 - By Migdalia James

 What's Nathans Famous Incorporated (NASDAQ:NATH) Upside After This Short Interest Increase?

Investors sentiment decreased to 1.53 in 2016 Q4. Its down 1.47, from 3 in 2016Q3. It dropped, as 3 investors sold Nathan’s Famous, Inc. shares while 14 reduced holdings. 9 funds opened positions while 17 raised stakes. 1.73 million shares or 1.00% more from 1.71 million shares in 2016Q3 were reported.
The Texas-based Dimensional Fund Advsrs Ltd Partnership has invested 0.01% in Nathan’s Famous, Inc. (NASDAQ:NATH). Blackrock Inc has invested 0% in Nathan’s Famous, Inc. (NASDAQ:NATH). Vanguard Grp holds 0% or 113,041 shares in its portfolio. Blackrock Institutional Company Na reported 36,244 shares. Teton has invested 1.32% in Nathan’s Famous, Inc. (NASDAQ:NATH). Financial Bank Of New York Mellon invested in 0% or 12,392 shares. Gabelli Funds Lc reported 157,000 shares. Bancorp Of America Corporation De holds 0% of its portfolio in Nathan’s Famous, Inc. (NASDAQ:NATH) for 585 shares. Tower Capital Ltd (Trc) reported 32 shares. Blackrock Fund Advsrs owns 0% invested in Nathan’s Famous, Inc. (NASDAQ:NATH) for 101,079 shares. California State Teachers Retirement Sys holds 0% of its portfolio in Nathan’s Famous, Inc. (NASDAQ:NATH) for 6,277 shares. Gamco Investors Et Al holds 0.08% in Nathan’s Famous, Inc. (NASDAQ:NATH) or 204,986 shares. Raymond James & Associates accumulated 7,260 shares. California Public Employees Retirement Systems has invested 0% of its portfolio in Nathan’s Famous, Inc. (NASDAQ:NATH). Bnp Paribas Arbitrage, New York-based fund reported 40 shares.

The stock of Nathans Famous Incorporated (NASDAQ:NATH) registered an increase of 12.5% in short interest. NATH’s total short interest was 74,700 shares in July as published by FINRA. Its up 12.5% from 66,400 shares, reported previously. With 12,500 shares average volume, it will take short sellers 6 days to cover their NATH’s short positions. The short interest to Nathans Famous Incorporated’s float is 2.63%.

About 23,252 shares traded or 79.55% up from the average. Nathan’s Famous, Inc. (NASDAQ:NATH) has risen 44.83% since July 17, 2016 and is uptrending. It has outperformed by 28.13% the S&P500.

Nathan’s Famous, Inc. is a licensor, wholesaler and retailer of products marketed under Nathan’s Famous brand. The company has market cap of $268.92 million. The Company’s products are marketed for sale in approximately 55,000 locations, including supermarkets, mass merchandisers and club stores, selected foodservice locations and Company-owned and franchised restaurants throughout the United States and in over 10 foreign territories and countries. It has a 36.2 P/E ratio. The Firm also owns, through its subsidiary, NF Treacher’s Corp., the Arthur Treacher’s brand and trademarks.

More notable recent Nathan’s Famous, Inc. (NASDAQ:NATH) news were published by: Reuters.com which released: “BRIEF-Nathan’s Famous Q4 EPS $0.17” on June 09, 2017, also Investorplace.com with their article: “Hot Dog Recall: Nathan’s Famous, Inc. (NATH) Branded Franks May Contain Metal …” published on May 22, 2017, Quotes.Wsj.com published: “Nathan’s Famous Inc.” on February 13, 2011. More interesting news about Nathan’s Famous, Inc. (NASDAQ:NATH) were released by: Marketwatch.com and their article: “64.55” published on May 08, 2011 as well as Fool.com‘s news article titled: “Why Nathan’s Famous, Inc. Stock Popped Today” with publication date: February 27, 2015.

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