Short Interest in Good Times Restaurants Inc. (NASDAQ:GTIM) Drops By 11.2%

Good Times Restaurants Inc. (NASDAQ:GTIM) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 40,300 shares, a decline of 11.2% from the December 15th total of 45,400 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is currently 3.7 days.

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP increased its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,959 shares of the restaurant operator’s stock after acquiring an additional 26,980 shares during the period. Dimensional Fund Advisors LP owned about 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 12.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Good Times Restaurants in a report on Monday, January 13th. They issued a “strong-buy” rating on the stock.

Good Times Restaurants Trading Up 2.0 %

Shares of GTIM traded up $0.05 during midday trading on Friday, hitting $2.52. The stock had a trading volume of 4,817 shares, compared to its average volume of 11,614. Good Times Restaurants has a fifty-two week low of $2.18 and a fifty-two week high of $3.45. The business has a 50-day simple moving average of $2.59 and a two-hundred day simple moving average of $2.71. The firm has a market cap of $26.86 million, a P/E ratio of 16.80 and a beta of 1.86. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 0.03.

Good Times Restaurants (NASDAQ:GTIM) last released its earnings results on Thursday, December 12th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. Good Times Restaurants had a return on equity of 4.95% and a net margin of 1.13%.

Good Times Restaurants Company Profile

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.