Good Times Restaurants Inc. (NASDAQ:GTIM) Short Interest Update

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 36,700 shares, a growth of 52.3% from the August 31st total of 24,100 shares. Based on an average daily trading volume, of 17,600 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP increased its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to its most recent disclosure with the SEC. 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 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the SEC. Institutional investors own 12.06% of the company’s stock.

Good Times Restaurants Stock Down 1.4 %

NASDAQ:GTIM opened at $2.74 on Friday. The company has a market cap of $30.15 million, a PE ratio of 45.67 and a beta of 1.88. The stock has a 50-day simple moving average of $2.81 and a 200 day simple moving average of $2.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.47. Good Times Restaurants has a 52-week low of $2.15 and a 52-week high of $3.45.

Good Times Restaurants (NASDAQ:GTIM) last announced its earnings results on Thursday, August 1st. The restaurant operator reported $0.12 EPS for the quarter. Good Times Restaurants had a net margin of 0.80% and a return on equity of 3.48%. The business had revenue of $37.94 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Good Times Restaurants in a report on Monday, September 23rd. They issued a “strong-buy” rating for the company.

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.