Good Times Restaurants Inc. (NASDAQ: GTIM) Brief Interest Update
Good Times Restaurants Inc. (NASDAQ: GTIM – Get Rating) saw a sharp drop in short-term interest in the month of April. As of April 30, there was selling interest totaling 33,700 shares, down 15.1% from April 15’s total of 39,700 shares. Based on an average trading volume of 16,300 shares, the day-to-cover ratio is currently 2.1 days. Currently, 0.4% of the company’s shares are sold short.
A number of equity research analysts have recently released reports on the company. TheStreet upgraded Good Times Restaurants from a “b-” to a “c+” rating in a Friday, February 4, research note. StockNews.com began covering shares of Good Times Restaurants in a research report on Friday, May 13. They issued a “Strong Buy” rating on the stock.
Institutional investors and hedge funds have recently changed their stock holdings. Dorsey Wright & Associates purchased a new stake in Good Times Restaurants during Q4 for approximately $49,000. Dimensional Fund Advisors LP bought a new stake in shares of Good Times Restaurants in the third quarter worth $59,000. MTM Investment Management LLC purchased a new stake in Good Times Restaurants during the fourth quarter at a value of $91,000. Covalent Partners LLC purchased a new stake in Good Times Restaurants during the fourth quarter valued at $197,000. Finally, Diligent Investors LLC purchased a new position in Good Times Restaurants during the fourth quarter worth approximately $216,000. 14.97% of the shares are currently held by institutional investors and hedge funds.
Shares of GTIM opened at $3.00 on Wednesday. Good Times Restaurants has a 1-year minimum of $2.44 and a 1-year maximum of $5.79. The company’s fifty-day simple moving average is $3.46 and its two-hundred-day simple moving average is $4.13. The stock has a market capitalization of $37.47 million, a price-earnings ratio of 2.56 and a beta of 1.99.
About Good Times Restaurants (Get a rating)
Good Times Restaurants Inc, through its subsidiaries, is engaged in the restaurant business in the United States. The Company operates and franchises Good Times Burgers & Frozen Custard, an upscale, quick-service restaurant with drive-thru; and owns, operates, franchises and licenses Bad Daddy’s Burger Bar, a full-service, upscale casual restaurant.
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