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

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 31,600 shares, an increase of 9.7% from the May 31st total of 28,800 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is currently 2.1 days.

Good Times Restaurants Stock Up 0.8 %

Shares of Good Times Restaurants stock traded up $0.02 during trading on Wednesday, reaching $2.44. 1,388 shares of the company traded hands, compared to its average volume of 19,289. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.45 and a quick ratio of 0.36. The firm has a market capitalization of $26.84 million, a PE ratio of 40.34 and a beta of 1.86. The company has a 50 day moving average price of $2.63 and a 200-day moving average price of $2.54. Good Times Restaurants has a 1-year low of $2.15 and a 1-year high of $3.50.

Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Thursday, May 2nd. The restaurant operator reported $0.06 EPS for the quarter. The company had revenue of $35.44 million during the quarter. Good Times Restaurants had a return on equity of 2.00% and a net margin of 0.47%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Good Times Restaurants in a report on Thursday, June 27th. They issued 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.