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
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
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.
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