Short Interest in Good Times Restaurants Inc. (NASDAQ:GTIM) Decreases By 27.3%

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 29,100 shares, a decline of 27.3% from the January 31st total of 40,000 shares. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.4% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Good Times Restaurants in a report on Sunday. They set a “strong-buy” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,760 shares of the restaurant operator’s stock after acquiring an additional 4,754 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.80% of Good Times Restaurants worth $222,000 at the end of the most recent reporting period. 12.06% of the stock is owned by institutional investors and hedge funds.

Good Times Restaurants Stock Performance

Good Times Restaurants stock opened at $2.52 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 0.08. Good Times Restaurants has a 52 week low of $2.26 and a 52 week high of $3.45. The company has a market capitalization of $26.82 million, a price-to-earnings ratio of 11.46 and a beta of 1.85. The stock has a 50-day moving average price of $2.50 and a 200 day moving average price of $2.70.

Good Times Restaurants (NASDAQ:GTIM) last released its earnings results on Thursday, February 6th. The restaurant operator reported $0.02 EPS for the quarter. Good Times Restaurants had a return on equity of 7.11% and a net margin of 1.60%.

Good Times Restaurants Company Profile

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. It 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.