Good Times Restaurants Inc. (NASDAQ:GTIM) Sees Significant Growth in Short Interest

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 27,900 shares, an increase of 16.3% from the June 30th total of 24,000 shares. Based on an average daily trading volume, of 14,700 shares, the short-interest ratio is currently 1.9 days. Approximately 0.3% of the shares of the company are short sold.

Good Times Restaurants Price Performance

GTIM opened at $2.62 on Wednesday. The company has a 50 day moving average of $2.56 and a 200 day moving average of $2.55. The company has a market cap of $28.82 million, a PE ratio of 43.67 and a beta of 1.86. Good Times Restaurants has a 12 month low of $2.15 and a 12 month high of $3.35. The company has a current ratio of 0.45, a quick ratio of 0.36 and a debt-to-equity ratio of 0.04.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.06 EPS for the quarter. Good Times Restaurants had a net margin of 0.47% and a return on equity of 2.00%. The firm had revenue of $35.44 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Good Times Restaurants in a report on Monday. They issued a “strong-buy” rating for the company.

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.