Short Interest in Good Times Restaurants Inc. (NASDAQ:GTIM) Grows By 112.8%

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 23,586 shares, a growth of 112.8% from the December 15th total of 11,085 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 114,255 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 114,255 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC increased its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,737 shares of the restaurant operator’s stock after acquiring an additional 9,924 shares during the period. Bridgeway Capital Management LLC owned about 1.55% of Good Times Restaurants worth $269,000 at the end of the most recent reporting period. 12.06% of the stock is currently owned by institutional investors.

Good Times Restaurants Price Performance

Good Times Restaurants stock remained flat at $1.17 during midday trading on Thursday. 14,443 shares of the company were exchanged, compared to its average volume of 86,729. The stock has a market cap of $12.36 million, a price-to-earnings ratio of 11.70 and a beta of 0.75. The company’s 50 day simple moving average is $1.26 and its 200 day simple moving average is $1.48. Good Times Restaurants has a 12 month low of $1.10 and a 12 month high of $2.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.37 and a quick ratio of 0.27.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Good Times Restaurants in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Good Times Restaurants has a consensus rating of “Sell”.

Good Times Restaurants Company Profile

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.