Short Interest in Rave Restaurant Group, Inc. (NASDAQ:RAVE) Grows By 72.2%

Rave Restaurant Group, Inc. (NASDAQ:RAVE) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 40,169 shares, a growth of 72.2% from the July 15th total of 23,324 shares. Based on an average daily volume of 25,440 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.4% of the company’s stock are short sold.

Rave Restaurant Group Price Performance

Rave Restaurant Group stock traded up $0.03 during midday trading on Monday, reaching $3.07. 17,901 shares of the company traded hands, compared to its average volume of 52,486. Rave Restaurant Group has a 12 month low of $2.25 and a 12 month high of $3.75. The business has a 50 day moving average of $3.23 and a two-hundred day moving average of $2.96. The firm has a market capitalization of $43.62 million, a price-to-earnings ratio of 14.62 and a beta of 0.42.

Institutional Trading of Rave Restaurant Group

Several large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in Rave Restaurant Group in the fourth quarter valued at about $35,000. Evergreen Capital Management LLC purchased a new stake in shares of Rave Restaurant Group during the 2nd quarter valued at about $56,000. James Investment Research Inc. increased its position in shares of Rave Restaurant Group by 56.2% during the 1st quarter. James Investment Research Inc. now owns 25,000 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 9,000 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Rave Restaurant Group by 87.2% in the 4th quarter. NewEdge Advisors LLC now owns 29,946 shares of the restaurant operator’s stock worth $99,000 after purchasing an additional 13,946 shares during the period. Finally, Susquehanna International Group LLP lifted its stake in shares of Rave Restaurant Group by 50.7% in the 3rd quarter. Susquehanna International Group LLP now owns 29,902 shares of the restaurant operator’s stock worth $99,000 after purchasing an additional 10,063 shares during the period. Institutional investors own 15.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rave Restaurant Group in a research report on Friday, July 31st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Rave Restaurant Group

Rave Restaurant Group, Inc, through its subsidiaries, develops, operates and franchises a fast‐casual pizza restaurant concept under the Rave Restaurant Group brand. The company’s locations feature made‐to‐order artisanal pizzas, calzones, salads, desserts and specialty beverages, with service options that include dine‐in, takeout, delivery and catering. A proprietary digital platform supports each restaurant’s point‐of‐sale, online ordering and loyalty programs, aiming to enhance guest convenience and operational efficiency.

Founded in 2008 and headquartered in Miami, Florida, RAVE Restaurant Group has grown its footprint to include both company‐owned and franchised units across select U.S.