Rave Restaurant Group Inc (NASDAQ:RAVE) was the target of a large drop in short interest in July. As of July 31st, there was short interest totalling 88,700 shares, a drop of 10.5% from the June 30th total of 99,100 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 107,700 shares, the days-to-cover ratio is currently 0.8 days.

Shares of Rave Restaurant Group stock traded down $0.03 during trading on Thursday, reaching $2.64. The company’s stock had a trading volume of 56,300 shares, compared to its average volume of 66,119. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.30. Rave Restaurant Group has a 1-year low of $0.64 and a 1-year high of $3.60. The company has a 50-day simple moving average of $2.77 and a two-hundred day simple moving average of $2.03.

About Rave Restaurant Group

Rave Restaurant Group, Inc, together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark. It operates in Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants segments. The company's buffet restaurants are located in free standing buildings or strip centers in retail developments that offer dine-in, carryout, and catering services, as well as delivery services.

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