Rave Restaurant Group Inc (NASDAQ:RAVE) Sees Significant Gr... - Jonathan Cartu Restaurant, Baking & Catering Services
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Rave Restaurant Group Inc (NASDAQ:RAVE) Sees Significant Gr…

Rave Restaurant Group Inc (NASDAQ:RAVE) Sees Significant Gr…

Rave Restaurant Group Inc (NASDAQ:RAVE) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 69,100 shares, an increase of 69.8% from the April 30th total of 40,700 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 88,700 shares, the short-interest ratio is currently 0.8 days.

RAVE stock traded up $0.10 on Wednesday, reaching $3.08. 129,286 shares of the company traded hands, compared to its average volume of 64,378. Rave Restaurant Group has a one year low of $0.64 and a one year high of $3.60. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $2.77.

Rave Restaurant Group (NASDAQ:RAVE) last posted its earnings results on Wednesday, May 8th. The restaurant operator reported ($0.02) EPS for the quarter. The business had revenue of $3.07 million during the quarter. Rave Restaurant Group had a return on equity of 61.50% and a net margin of 28.11%.

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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