Short Interest in Ruby Tuesday, Inc. (RT) Decreases By 40.8%

Ruby Tuesday, Inc. (NYSE:RT) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 1,316,012 shares, a drop of 40.8% from the November 15th total of 2,221,531 shares. Based on an average trading volume of 882,672 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.3% of the company’s stock are short sold.

In other news, Director Bernard Lanigan, Jr. sold 309,592 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $2.38, for a total transaction of $736,828.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.80% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC acquired a new stake in Ruby Tuesday during the 2nd quarter valued at $126,000. SG Americas Securities LLC acquired a new stake in Ruby Tuesday during the 2nd quarter valued at $143,000. Citigroup Inc. lifted its holdings in Ruby Tuesday by 87.5% during the 2nd quarter. Citigroup Inc. now owns 105,597 shares of the restaurant operator’s stock valued at $212,000 after purchasing an additional 49,268 shares during the last quarter. Legal & General Group Plc lifted its holdings in Ruby Tuesday by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 109,140 shares of the restaurant operator’s stock valued at $220,000 after purchasing an additional 9,040 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Ruby Tuesday by 108.8% during the 1st quarter. Bank of America Corp DE now owns 108,147 shares of the restaurant operator’s stock valued at $304,000 after purchasing an additional 56,354 shares during the last quarter. 77.21% of the stock is owned by institutional investors.

Shares of Ruby Tuesday (RT) opened at $2.40 on Monday. The company has a market capitalization of $146.86, a P/E ratio of -1.89 and a beta of 0.54. The company has a quick ratio of 0.89, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Ruby Tuesday has a twelve month low of $1.69 and a twelve month high of $3.58.

Ruby Tuesday (NYSE:RT) last released its quarterly earnings data on Monday, October 16th. The restaurant operator reported ($0.01) EPS for the quarter. The company had revenue of $217.31 million during the quarter. Ruby Tuesday had a negative net margin of 8.36% and a negative return on equity of 3.67%.

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About Ruby Tuesday

Ruby Tuesday, Inc owns and operates Ruby Tuesday casual dining and Lime Fresh Mexican Grill (Lime Fresh) casual restaurants. The Company also franchises the Ruby Tuesday concept in selected domestic and international markets, and the Lime Fresh concept in selected domestic markets. Its segments include Ruby Tuesday concept and Lime Fresh concept.

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