Short Interest Update on Del Friscos Restaurant Group (DFRG)

Del Friscos Restaurant Group (DFRG) has 881,428 shares of shorts outstanding as on August 15, 2016, with 10 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 915,796 shares. The stock has a decent trading volume of 88,282 shares daily. The marginal decrease in the short positions is by -3.8%, which amounts to -34,368 shares. Short positions are 4.4% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Del Friscos Restaurant Group (NASDAQ:DFRG): The stock opened at $15.22 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.30 for the day. The stock traded down to $15.10 during the day, due to lack of any buying support eventually closed down at $15.23 with a loss of -0.33% for the day. The stock had closed at $15.28 on the previous day. The total traded volume was 57,195 shares.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Del Friscos Restaurant Group, Inc., Abdallah Norman J had purchased shares worth of $53,550 in a transaction dated on August 10, 2015. A total of 3,500 shares were purchased at a price of $15.3 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Del Friscos Restaurant Group Inc. is a holding company. The Company develops owns and operates three contemporary complementary restaurants: Del Friscos Double Eagle Steak House (Del Friscos) Sullivans Steakhouse (Sullivans) and Del Friscos Grille or the Grille. The Companys segments include Del Friscos, Sullivans and Grille. It operates approximately 46 restaurants in over 20 states and the District of Columbia. Each of its three restaurant concepts offers steaks, as well as other menu selections, such as chops and fresh seafood. Its Del Friscos menu includes USDA Prime grade, wet-aged steaks hand-cut at the time of order and a range of other offerings, including prime lamb, fresh seafood, and signature side dishes and desserts. Its Sullivans brand offers open kitchen, live music and a bar area for social gathering and entertainment. Its Del Friscos Grilles menu offers a range of Del Friscos prime aged steaks, other menu items and a selection of wines.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.