Rave Restaurant Group, Inc. (NASDAQ:RAVE) Has Wide Low-High Trading Range Today – Up by 1.29%

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Rave Restaurant Group, Inc. (NASDAQ:RAVE) last traded at $1.57 with shares having a low of $1.57 and high of $1.72. The big move identifies the stock as one of the day’s most volatile.

The shares are among the market’s biggest gainers. It is trading at $1.57 which is a tad under $1.69, the 50 day moving average and well below the 200 day moving average of $1.96. The 50 day moving average was down $-0.12 or -7.34% whereas the 200 day average was down by -19.97%.

Rave Restaurant Group, Inc. in the news.

RAVE Restaurant Group, Inc. Completes Shareholder Rights Offering.

Short Interest

Investors are more bearish on the company lately as evidenced by the uptick in short interest. The firm experienced a rise in short interest of 15.38% as of the latest report on August 31, 2017. Short shares increased from 356,893 to 411,775 over that period. With short interest at 411,775 and short average daily volume at 156,393, days to cover is 3.0 and the percentage of shorted shares was 0.04% on August 31.

Company Information

Rave Restaurant Group, Inc., launched on August 26, 2011, operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark, Pizza Inn, and operates and franchises domestic fast casual restaurants under the trademarks Pie Five Pizza Company (Pie Five). The Company has two operating segments, which include Company-owned Restaurants, and Franchising and Food and Supply Distribution. The Franchising and Food and Supply Distribution segment establishes franchisees and franchise territorial rights, and sells and distributes proprietary and non-proprietary food and other items to franchisees. The Company-owned Restaurant segment includes sales and operating results for all Company-owned restaurants. The Company provides or facilitates the procurement and distribution of food, equipment and supplies to domestic and international system of restaurants through Norco Restaurant Services Company (Norco) division and through agreements with third-party distributors..