Rave Restaurant Group Inc (NASDAQ:RAVE) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 50,800 shares, a decrease of 42.7% from the July 31st total of 88,700 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 84,900 shares, the short-interest ratio is currently 0.6 days.
Rave Restaurant Group stock traded up $0.01 during trading on Friday, reaching $2.48. 8,336 shares of the company’s stock were exchanged, compared to its average volume of 20,840. The company’s 50-day moving average is $2.59 and its two-hundred day moving average is $2.21. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.30. Rave Restaurant Group has a 52-week low of $0.64 and a 52-week high of $3.60.
Separately, ValuEngine cut shares of Rave Restaurant Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th.
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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