Short Interest in Good Times Restaurants Inc. (NASDAQ:GTIM) Decreases By 22.3%

Good Times Restaurants Inc. (NASDAQ:GTIM) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 22,600 shares, a decrease of 22.3% from the February 13th total of 29,100 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 13,800 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Good Times Restaurants in a research report on Tuesday. They set a “strong-buy” rating on the stock.

Hedge Funds Weigh In On Good Times Restaurants

Institutional investors have recently made changes to their positions in the stock. Arcadia Wealth Management Inc. acquired a new position in shares of Good Times Restaurants during the fourth quarter valued at about $129,000. Dimensional Fund Advisors LP raised its holdings in shares of Good Times Restaurants by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 85,760 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 4,754 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Good Times Restaurants by 11.6% during the third quarter. Geode Capital Management LLC now owns 90,947 shares of the restaurant operator’s stock valued at $247,000 after purchasing an additional 9,459 shares during the period. Institutional investors and hedge funds own 12.06% of the company’s stock.

Good Times Restaurants Trading Up 0.4 %

GTIM traded up $0.01 during trading on Tuesday, reaching $2.46. 8,852 shares of the stock traded hands, compared to its average volume of 14,477. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $26.18 million, a PE ratio of 11.18 and a beta of 1.90. The stock’s 50-day moving average is $2.48 and its 200 day moving average is $2.65. Good Times Restaurants has a 12 month low of $2.28 and a 12 month high of $3.45.

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

About Good Times Restaurants

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.