Short Interest in Rave Restaurant Group Inc (NASDAQ:RAVE) Increases By 11.0%

Rave Restaurant Group Inc (NASDAQ:RAVE) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 57,400 shares, a growth of 11.0% from the September 30th total of 51,700 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 28,700 shares, the days-to-cover ratio is presently 2.0 days.

Shares of NASDAQ:RAVE traded down $0.70 during midday trading on Friday, reaching $1.45. The company’s stock had a trading volume of 140,900 shares, compared to its average volume of 17,538. The stock has a fifty day moving average of $2.60 and a 200 day moving average of $2.58. The company has a quick ratio of 1.88, a current ratio of 1.93 and a debt-to-equity ratio of 1.00. Rave Restaurant Group has a twelve month low of $0.64 and a twelve month high of $3.60.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings results on Monday, September 30th. The restaurant operator reported ($0.05) earnings per share for the quarter. The business had revenue of $3.10 million during the quarter. Rave Restaurant Group had a negative return on equity of 12.06% and a negative net margin of 4.85%.

Separately, ValuEngine upgraded shares of Rave Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

About Rave Restaurant Group

Rave Restaurant Group, Inc, together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark. It operates in Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants segments. The company's buffet restaurants are located in free standing buildings or strip centers in retail developments that offer dine-in, carryout, and catering services, as well as delivery services.

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