Good Times Restaurants Inc. (NASDAQ:GTIM) Short Interest Update

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 11,085 shares, a drop of 44.5% from the November 30th total of 19,976 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 43,738 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 43,738 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the 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 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,813 shares of the restaurant operator’s stock after purchasing an additional 6,975 shares during the quarter. Bridgeway Capital Management LLC owned approximately 1.46% of Good Times Restaurants worth $275,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.06% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Good Times Restaurants in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Good Times Restaurants Trading Up 2.2%

Shares of NASDAQ GTIM opened at $1.16 on Friday. Good Times Restaurants has a 1-year low of $1.10 and a 1-year high of $2.65. The company has a current ratio of 0.43, a quick ratio of 0.34 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $1.36 and a two-hundred day moving average of $1.54. The company has a market cap of $12.24 million, a PE ratio of 11.60 and a beta of 0.91.

About Good Times Restaurants

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.