Good Times Restaurants Inc. (NASDAQ:GTIM) Short Interest Down 20.0% in April

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 45,396 shares, a drop of 20.0% from the March 31st total of 56,744 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 33,653 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Bridgeway Capital Management LLC lifted its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 153,813 shares of the restaurant operator’s stock after acquiring an additional 6,975 shares during the quarter. Bridgeway Capital Management LLC owned about 1.46% of Good Times Restaurants worth $275,000 as of its most recent filing with the SEC. 12.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Good Times Restaurants in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Good Times Restaurants presently has a consensus rating of “Sell”.

Good Times Restaurants Stock Up 0.4%

GTIM stock traded up $0.00 during trading hours on Friday, hitting $1.28. The company’s stock had a trading volume of 9,930 shares, compared to its average volume of 32,817. The stock has a 50 day moving average price of $1.22 and a two-hundred day moving average price of $1.27. Good Times Restaurants has a 12 month low of $1.10 and a 12 month high of $2.09. The company has a market capitalization of $13.56 million, a PE ratio of 12.85 and a beta of 0.65. The company has a quick ratio of 0.36, a current ratio of 0.45 and a debt-to-equity ratio of 0.05.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results on Thursday, February 5th. The restaurant operator reported $0.02 earnings per share for the quarter. Good Times Restaurants had a net margin of 0.75% and a return on equity of 4.58%. The business had revenue of $32.71 million for the quarter.

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.