Good Times Restaurants Inc. (NASDAQ:GTIM – Get Rating) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 33,700 shares, a decline of 15.1% from the April 15th total of 39,700 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 16,300 shares, the days-to-cover ratio is presently 2.1 days.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GTIM. Dimensional Fund Advisors LP acquired a new position in Good Times Restaurants during the third quarter worth approximately $59,000. Millennium Management LLC acquired a new stake in shares of Good Times Restaurants during the 3rd quarter worth $813,000. Diligent Investors LLC purchased a new position in shares of Good Times Restaurants in the 4th quarter worth $216,000. Dorsey Wright & Associates acquired a new position in Good Times Restaurants in the fourth quarter valued at $49,000. Finally, MTM Investment Management LLC purchased a new stake in Good Times Restaurants during the fourth quarter valued at about $91,000. 14.97% of the stock is currently owned by institutional investors and hedge funds.
GTIM traded down $0.10 during midday trading on Thursday, hitting $2.90. The company’s stock had a trading volume of 7,617 shares, compared to its average volume of 18,692. Good Times Restaurants has a 52-week low of $2.44 and a 52-week high of $5.79. The firm has a 50-day moving average price of $3.44 and a two-hundred day moving average price of $4.12. The firm has a market cap of $36.22 million, a P/E ratio of 2.48 and a beta of 1.99.
About Good Times Restaurants (Get Rating)
Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. The company 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.
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