Good Times Restaurants Inc. (NASDAQ:GTIM) Sees Large Decrease in Short Interest

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 29,100 shares, a drop of 27.3% from the January 31st total of 40,000 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 12,300 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Good Times Restaurants in a report on Sunday. They set a “strong-buy” rating for the company.

Hedge Funds Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP increased its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,760 shares of the restaurant operator’s stock after acquiring an additional 4,754 shares during the period. Dimensional Fund Advisors LP owned about 0.80% of Good Times Restaurants worth $222,000 at the end of the most recent reporting period. 12.06% of the stock is owned by institutional investors and hedge funds.

Good Times Restaurants Stock Up 3.7 %

NASDAQ GTIM traded up $0.09 during mid-day trading on Tuesday, reaching $2.52. The stock had a trading volume of 51,471 shares, compared to its average volume of 12,619. Good Times Restaurants has a 1 year low of $2.34 and a 1 year high of $3.45. The stock has a market cap of $26.82 million, a PE ratio of 11.46 and a beta of 1.85. The company has a fifty day moving average price of $2.50 and a 200 day moving average price of $2.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.42 and a quick ratio of 0.33.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.02 earnings per share for the quarter. Good Times Restaurants had a net margin of 1.60% and a return on equity of 7.11%.

About Good Times Restaurants

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. It operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full-service upscale casual dining restaurant.