Good Times Restaurants Inc. (NASDAQ:GTIM) Sees Significant Decrease in Short Interest

Good Times Restaurants Inc. (NASDAQ:GTIM) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 24,000 shares, a decrease of 24.1% from the June 15th total of 31,600 shares. Based on an average trading volume of 15,400 shares, the short-interest ratio is currently 1.6 days. Currently, 0.3% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Good Times Restaurants in a report on Saturday. They issued a “strong-buy” rating on the stock.

Good Times Restaurants Trading Up 1.2 %

GTIM stock traded up $0.03 during trading on Monday, hitting $2.63. The company had a trading volume of 2,458 shares, compared to its average volume of 19,030. The business has a 50-day moving average of $2.59 and a 200-day moving average of $2.55. Good Times Restaurants has a one year low of $2.15 and a one year high of $3.49. The stock has a market cap of $28.93 million, a PE ratio of 43.84 and a beta of 1.86. The company has a current ratio of 0.45, a quick ratio of 0.36 and a debt-to-equity ratio of 0.04.

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

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.