Short Interest in Good Times Restaurants Inc. (NASDAQ:GTIM) Expands By 124.6%

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 27,386 shares, a growth of 124.6% from the August 15th total of 12,192 shares. Based on an average daily trading volume, of 56,949 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Good Times Restaurants from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Good Times Restaurants has an average rating of “Sell”.

Good Times Restaurants Stock Up 1.3%

GTIM stock traded up $0.02 on Monday, reaching $1.52. 8,668 shares of the company traded hands, compared to its average volume of 38,649. The firm has a fifty day simple moving average of $1.46 and a 200-day simple moving average of $1.33. The company has a market cap of $16.10 million, a P/E ratio of 7.26 and a beta of 0.59. Good Times Restaurants has a one year low of $1.10 and a one year high of $2.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.37.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.22. The company had revenue of $35.17 million during the quarter, compared to the consensus estimate of $31.53 million. Good Times Restaurants had a net margin of 1.65% and a return on equity of 6.47%.

Institutional Investors Weigh In On Good Times Restaurants

A hedge fund recently bought a new position in Good Times Restaurants stock. Gainline Financial Partners LLC bought a new position in Good Times Restaurants Inc. (NASDAQ:GTIM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 48,250 shares of the restaurant operator’s stock, valued at approximately $68,000. Gainline Financial Partners LLC owned about 0.46% of Good Times Restaurants at the end of the most recent quarter. Hedge funds and other institutional investors own 12.06% of the company’s stock.

About Good Times Restaurants

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.