Short Interest in Good Times Restaurants Inc. (NASDAQ:GTIM) Declines By 44.5%

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 11,085 shares, a decline of 44.5% from the November 30th total of 19,976 shares. Based on an average daily volume of 43,738 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 43,738 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Good Times Restaurants in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Good Times Restaurants Price Performance

NASDAQ GTIM remained flat at $1.16 during trading on Monday. The company’s stock had a trading volume of 51,000 shares, compared to its average volume of 41,971. The company has a quick ratio of 0.34, a current ratio of 0.43 and a debt-to-equity ratio of 0.07. Good Times Restaurants has a fifty-two week low of $1.10 and a fifty-two week high of $2.65. The company has a 50-day moving average of $1.36 and a 200-day moving average of $1.53. The firm has a market capitalization of $12.24 million, a P/E ratio of 11.60 and a beta of 0.91.

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC grew its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 approximately 1.55% of Good Times Restaurants worth $269,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 12.06% of the company’s stock.

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.