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

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

Institutional Trading of Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP boosted its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,760 shares of the restaurant operator’s stock after purchasing an additional 4,754 shares during the quarter. Dimensional Fund Advisors LP owned about 0.80% of Good Times Restaurants worth $222,000 as of its most recent SEC filing. Institutional investors own 12.06% of the company’s stock.

Wall Street Analyst Weigh In

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

Good Times Restaurants Stock Performance

Shares of GTIM stock traded up $0.09 during mid-day trading on Tuesday, reaching $2.52. 51,471 shares of the company’s stock traded hands, compared to its average volume of 12,619. Good Times Restaurants has a 12 month low of $2.34 and a 12 month high of $3.45. The firm has a 50 day moving average price of $2.50 and a two-hundred day moving average price of $2.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.42. The firm has a market capitalization of $26.82 million, a PE ratio of 11.46 and a beta of 1.85.

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

Good Times Restaurants Company Profile

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.