Rave Restaurant Group Inc (NASDAQ:RAVE) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 69,100 shares, a growth of 69.8% from the April 30th total of 40,700 shares. Based on an average daily trading volume, of 88,700 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are short sold.
Shares of NASDAQ:RAVE traded down $0.15 on Wednesday, reaching $2.66. The company’s stock had a trading volume of 695 shares, compared to its average volume of 136,890. Rave Restaurant Group has a 52-week low of $0.64 and a 52-week high of $3.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 2.17.
Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported ($0.02) EPS for the quarter. Rave Restaurant Group had a return on equity of 61.50% and a net margin of 28.11%. The business had revenue of $3.07 million during the quarter.
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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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