Rave Restaurant Group, Inc. (NASDAQ:RAVE – Get Free Report) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 25,194 shares, a decline of 37.3% from the July 30th total of 40,169 shares. Based on an average daily volume of 21,272 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Rave Restaurant Group in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on RAVE
Institutional Inflows and Outflows
Rave Restaurant Group Trading Up 1.3%
Shares of NASDAQ RAVE traded up $0.04 during mid-day trading on Wednesday, reaching $3.13. The company had a trading volume of 860 shares, compared to its average volume of 50,154. The firm has a 50 day simple moving average of $3.19 and a two-hundred day simple moving average of $2.94. Rave Restaurant Group has a 52-week low of $2.25 and a 52-week high of $3.75. The stock has a market cap of $44.48 million, a P/E ratio of 14.91 and a beta of 0.43.
Rave Restaurant Group Company Profile
Rave Restaurant Group, Inc, through its subsidiaries, develops, operates and franchises a fast‐casual pizza restaurant concept under the Rave Restaurant Group brand. The company’s locations feature made‐to‐order artisanal pizzas, calzones, salads, desserts and specialty beverages, with service options that include dine‐in, takeout, delivery and catering. A proprietary digital platform supports each restaurant’s point‐of‐sale, online ordering and loyalty programs, aiming to enhance guest convenience and operational efficiency.
Founded in 2008 and headquartered in Miami, Florida, RAVE Restaurant Group has grown its footprint to include both company‐owned and franchised units across select U.S.
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