GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Down 5.0% in January

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 325,400 shares, a decline of 5.0% from the January 15th total of 342,600 shares. Based on an average daily volume of 65,100 shares, the days-to-cover ratio is presently 5.0 days. Currently, 7.4% of the shares of the company are short sold.

GEN Restaurant Group Price Performance

GENK stock opened at $5.46 on Wednesday. The firm has a 50 day moving average of $7.01 and a 200-day moving average of $7.99. GEN Restaurant Group has a 12-month low of $5.41 and a 12-month high of $14.46. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. The company has a market cap of $179.09 million, a price-to-earnings ratio of 32.12 and a beta of 1.89.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and issued a $14.00 price objective on shares of GEN Restaurant Group in a report on Monday, November 18th.

Insider Buying and Selling at GEN Restaurant Group

In other GEN Restaurant Group news, CEO David Wook Jin Kim acquired 3,954 shares of the stock in a transaction on Thursday, November 21st. The shares were bought at an average price of $7.90 per share, with a total value of $31,236.60. Following the acquisition, the chief executive officer now owns 135,093 shares of the company’s stock, valued at $1,067,234.70. This trade represents a 3.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have acquired 20,731 shares of company stock valued at $163,840. 61.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GENK. Wasatch Advisors LP raised its position in shares of GEN Restaurant Group by 72.7% during the 3rd quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock worth $7,077,000 after purchasing an additional 352,922 shares during the last quarter. Diametric Capital LP raised its position in shares of GEN Restaurant Group by 163.7% during the 4th quarter. Diametric Capital LP now owns 67,933 shares of the company’s stock worth $508,000 after purchasing an additional 42,175 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of GEN Restaurant Group by 235.8% during the 4th quarter. Renaissance Technologies LLC now owns 54,400 shares of the company’s stock worth $407,000 after purchasing an additional 38,200 shares during the last quarter. Sanders Morris Harris LLC raised its position in shares of GEN Restaurant Group by 14.3% during the 4th quarter. Sanders Morris Harris LLC now owns 219,990 shares of the company’s stock worth $1,628,000 after purchasing an additional 27,591 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of GEN Restaurant Group by 68.3% during the 4th quarter. Northern Trust Corp now owns 25,071 shares of the company’s stock worth $188,000 after purchasing an additional 10,176 shares during the last quarter. 10.22% of the stock is currently owned by institutional investors and hedge funds.

GEN Restaurant Group Company Profile

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, Texas, New York, and Florida. It offers meats, poultry, and seafood. The company was founded in 2011 and is based in Cerritos, California.