Shake Shack Inc Class A (NYSE:SHAK) Could Improve Your Long Portfolio After Less Shorts Reported

Shake Shack Inc. (NYSE:SHAK) Logo

The stock of Shake Shack Inc Class A (NYSE:SHAK) registered a decrease of 2.55% in short interest. SHAK’s total short interest was 5.64M shares in December as published by FINRA. Its down 2.55% from 5.79 million shares, reported previously. With 572,600 shares average volume, it will take short sellers 10 days to cover their SHAK’s short positions. The short interest to Shake Shack Inc Class A’s float is 24.02%.

The stock increased 4.32% or $2.3 during the last trading session, reaching $55.55. About 1.12 million shares traded or 45.11% up from the average. Shake Shack Inc. (NYSE:SHAK) has risen 83.62% since December 2, 2017 and is uptrending. It has outperformed by 68.00% the S&P500.

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants in the United States and internationally. The company has market cap of $2.06 billion. Shacks offers hamburgers, hot dogs, crispy chicken, crinkle-cut fries, shakes, frozen custard, beer, shakes, wine, and other products. It has a 417.67 P/E ratio. As of December 28, 2016, it had 114 Shacks, including 64 domestic company-operated Shacks, 7 domestic licensed Shacks, and 43 international licensed Shacks.

Shake Shack Inc. (NYSE:SHAK) Ratings Coverage

Among 5 analysts covering Shake Shack (NYSE:SHAK), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Shake Shack had 6 analyst reports since July 16, 2018 according to SRatingsIntel. The company was maintained on Friday, November 2 by Wedbush. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, November 2 report. The stock of Shake Shack Inc. (NYSE:SHAK) earned “Equal-Weight” rating by Barclays Capital on Monday, August 6. Morgan Stanley maintained the shares of SHAK in report on Monday, July 16 with “Equal-Weight” rating. The company was upgraded on Tuesday, November 6 by Longbow.

More notable recent Shake Shack Inc. (NYSE:SHAK) news were published by: Streetinsider.com which released: “Pre-Open Movers 11/02: (PACB) (ANET) (CZR) Higher; (PBYI) (OLED) (MDRX) (AAPL) Lower (more…) – StreetInsider.com” on November 02, 2018, also Benzinga.com with their article: “64 Stocks Moving In Friday’s Mid-Day Session – Benzinga” published on November 02, 2018, Bizjournals.com published: “Shake Shack ready for south Charlotte debut – Charlotte Business Journal” on November 05, 2018. More interesting news about Shake Shack Inc. (NYSE:SHAK) were released by: Fool.com and their article: “7 Stocks to Avoid in 2019 – Motley Fool” published on November 27, 2018 as well as Nasdaq.com‘s news article titled: “Research Report Identifies Warrior Met Coal, Shake Shack, Enable Midstream Partners, LP, Jagged Peak Energy, MDC, and NetScout with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – Nasdaq” with publication date: November 12, 2018.

Shake Shack Inc. (NYSE:SHAK) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.