Good Times Restaurants Inc. (NASDAQ:GTIM) Short Interest Up 52.3% in September

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 36,700 shares, an increase of 52.3% from the August 31st total of 24,100 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 17,600 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP grew its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,959 shares of the restaurant operator’s stock after acquiring an additional 26,980 shares during the period. Dimensional Fund Advisors LP owned 0.59% of Good Times Restaurants worth $164,000 at the end of the most recent reporting period. Institutional investors own 12.06% of the company’s stock.

Good Times Restaurants Price Performance

NASDAQ GTIM traded down $0.03 on Friday, reaching $2.75. The company’s stock had a trading volume of 1,459 shares, compared to its average volume of 18,810. Good Times Restaurants has a 52 week low of $2.15 and a 52 week high of $3.45. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The firm has a market cap of $30.26 million, a PE ratio of 46.33 and a beta of 1.88. The business has a 50-day moving average price of $2.81 and a 200 day moving average price of $2.67.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share for the quarter. Good Times Restaurants had a return on equity of 3.48% and a net margin of 0.80%. The company had revenue of $37.94 million for the quarter.

Analysts Set New Price Targets

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

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.