Rave Restaurant Group, Inc. (NASDAQ:RAVE) Short Interest Update

Posted by MarketBeat News on Sep 16th, 2024

Rave Restaurant Group, Inc. (NASDAQ:RAVE – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 16,500 shares, a decline of 17.5% from the August 15th total of 20,000 shares. Based on an average daily volume of 18,800 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Rave Restaurant Group in a report on Monday, September 9th. They issued a “buy” rating for the company.

Check Out Our Latest Report on RAVE

Institutional Inflows and Outflows

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A hedge fund recently raised its stake in Rave Restaurant Group stock. Corsair Capital Management L.P. raised its position in Rave Restaurant Group, Inc. (NASDAQ:RAVE – Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 172,573 shares of the restaurant operator’s stock after purchasing an additional 8,258 shares during the period. Corsair Capital Management L.P. owned about 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.12% of the company’s stock.

Rave Restaurant Group Stock Up 3.5 %

NASDAQ:RAVE opened at $1.78 on Monday. The firm’s fifty day simple moving average is $1.81 and its 200-day simple moving average is $1.90. The stock has a market cap of $25.97 million, a PE ratio of 11.87 and a beta of 0.56. Rave Restaurant Group has a fifty-two week low of $1.62 and a fifty-two week high of $2.64.

About Rave Restaurant Group

(Get Free Report)

Rave Restaurant Group, Inc, together with its subsidiaries, engages in the operation and franchising of pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn and Pie Five trademarks in the United States and internationally. The company operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.