Rave Restaurant Group Inc (NASDAQ:RAVE) Sees Significant Decline in Short Interest

Rave Restaurant Group Inc (NASDAQ:RAVE) was the recipient of a significant drop in short interest in November. As of November 29th, there was short interest totalling 39,500 shares, a drop of 17.9% from the November 14th total of 48,100 shares. Based on an average daily trading volume, of 28,700 shares, the short-interest ratio is presently 1.4 days. Currently, 0.3% of the company’s stock are sold short.

Shares of Rave Restaurant Group stock traded up $0.13 during trading hours on Friday, reaching $1.90. The company’s stock had a trading volume of 5,702 shares, compared to its average volume of 28,751. Rave Restaurant Group has a one year low of $0.64 and a one year high of $3.60. The stock’s fifty day simple moving average is $2.11 and its two-hundred day simple moving average is $2.54. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.00.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.01 earnings per share for the quarter. Rave Restaurant Group had a negative net margin of 4.85% and a negative return on equity of 12.06%. The firm had revenue of $2.88 million for the quarter.

Separately, ValuEngine raised shares of Rave Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

About Rave Restaurant Group

Rave Restaurant Group, Inc, together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark. It operates in Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants segments. The company's buffet restaurants are located in free standing buildings or strip centers in retail developments that offer dine-in, carryout, and catering services, as well as delivery services.

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