Good Times Restaurants Inc. (NASDAQ:GTIM) Sees Significant Increase in Short Interest

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 82,919 shares, a growth of 163.7% from the January 29th total of 31,448 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 57,874 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 57,874 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC raised its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,737 shares of the restaurant operator’s stock after buying an additional 9,924 shares during the period. Bridgeway Capital Management LLC owned about 1.55% of Good Times Restaurants worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 12.06% of the company’s stock.

Good Times Restaurants Trading Down 0.8%

Shares of GTIM stock traded down $0.01 on Friday, reaching $1.19. 33,664 shares of the company’s stock were exchanged, compared to its average volume of 42,908. Good Times Restaurants has a 52 week low of $1.10 and a 52 week high of $2.65. The company has a current ratio of 0.45, a quick ratio of 0.36 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $12.57 million, a PE ratio of 11.90 and a beta of 0.75. The company’s fifty day simple moving average is $1.20 and its 200 day simple moving average is $1.40.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data on Thursday, February 5th. The restaurant operator reported $0.02 EPS for the quarter. Good Times Restaurants had a return on equity of 4.58% and a net margin of 0.75%.The company had revenue of $32.71 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Good Times Restaurants in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Good Times Restaurants Company Profile

Good Times Restaurants International, Inc (NASDAQ: GTIM) owns, develops, operates and franchises quick-service restaurants under the Good Times Burger & Frozen Custard brand. The company’s restaurants feature a signature menu built around hand-pressed, fresh-never-frozen beef burgers, homemade buns, fresh-cut fries, handcrafted milkshakes and frozen custard desserts. Good Times supplements its core offerings with seasonal items and limited-time promotions designed to appeal to a variety of customer tastes.

Founded in 1987 and headquartered in Lakewood, Colorado, Good Times has expanded through a mix of company-owned locations and franchising agreements.