Short Interest in Good Times Restaurants Inc. (NASDAQ:GTIM) Drops By 11.2%

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 40,300 shares, a decline of 11.2% from the December 15th total of 45,400 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 11,000 shares, the short-interest ratio is presently 3.7 days.

Good Times Restaurants Stock Performance

Shares of GTIM traded up $0.05 during mid-day trading on Friday, reaching $2.52. 4,817 shares of the company’s stock traded hands, compared to its average volume of 11,614. The stock has a market capitalization of $26.86 million, a P/E ratio of 16.80 and a beta of 1.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.33 and a current ratio of 0.42. Good Times Restaurants has a 12 month low of $2.18 and a 12 month high of $3.45. The business’s 50-day moving average price is $2.59 and its 200-day moving average price is $2.71.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings results on Thursday, December 12th. The restaurant operator reported $0.02 EPS for the quarter. Good Times Restaurants had a return on equity of 4.95% and a net margin of 1.13%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP increased its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,959 shares of the restaurant operator’s stock after acquiring an additional 26,980 shares during the period. Dimensional Fund Advisors LP owned approximately 0.59% of Good Times Restaurants worth $164,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Good Times Restaurants in a report on Monday, January 13th. They set a “strong-buy” rating on the stock.

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.