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 in 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. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 0.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Good Times Restaurants in a research note on Monday, January 13th. They set a “strong-buy” rating for the company.

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP boosted its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,959 shares of the restaurant operator’s stock after purchasing an additional 26,980 shares during the period. Dimensional Fund Advisors LP owned about 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 12.06% of the company’s stock.

Good Times Restaurants Stock Performance

Shares of GTIM stock traded up $0.05 during midday trading on Friday, hitting $2.52. The company had a trading volume of 4,817 shares, compared to its average volume of 11,614. The stock has a market cap of $26.86 million, a price-to-earnings ratio of 16.80 and a beta of 1.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.42 and a quick ratio of 0.33. The company’s 50 day simple moving average is $2.59 and its 200 day simple moving average is $2.71. Good Times Restaurants has a 52-week low of $2.18 and a 52-week high of $3.45.

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

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.