Ruby Tuesday, Inc. (NYSE:RT) Closed Above Its 50 Day Average


It is trading at $2.38 a bit higher than $2.18, the stock’s 50 day moving average and just above the 200 day moving average of $2.21. The 50 day moving average moved up $0.20 and the 200 day average went up by +7.82%. 538K shares changed hands on Tuesday. Overall, volume was up 156.10% over the stocks normal daily volume.

Investors are feeling more bearish on shares of the company of late if you take a look at the uptick in short interest. The stock had a rise in short interest of 3.73% as of the latest report on September 29, 2017. Short shares grew from 6,042,496 to 6,267,842 over that timeframe. The short-interest ratio decreased to 21.0 and the percentage of shorted shares was 0.10% on September 29.

The following firms have recently changed their position in RT. As of the end of the quarter Pinebridge Investments, L.p. had acquired 14 shares growing its holdings by 1.2%. The value of the investment in RT decreased from $3,000 to $2,000 decreasing 33.3% for the reporting period. Creative Planning downsized its holdings by shedding 400 shares a decrease of 33.3% from 03/31/2017 to 06/30/2017. Creative Planning currently owns 800 shares with a value of $2,000. The total value of its holdings decreased 33.3%.

Dynamic Technology Lab Private Ltd cut its investment by selling 15,842 shares a decrease of 53.2%. Dynamic Technology Lab Private Ltd now controls 13,961 shares valued at $28,000. The value of the position overall is down by 70.8%. Parallax Volatility Advisers, L.p. reduced its position by shedding 95,159 shares a decrease of 76.1% as of 06/30/2017. Parallax Volatility Advisers, L.p. now holds 29,841 shares worth $60,000. The value of the position overall is down by 82.9%.

Ruby Tuesday, Inc., launched on January 19, 1996, 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. As of March 1, 2016, the Company operated 729 Ruby Tuesday restaurants in 44 states, 13 foreign countries, and Guam, and there were 16 Lime Fresh restaurants in two states. Of those restaurants, it owned and operated over 649 Ruby Tuesday restaurants and franchised approximately 80 Ruby Tuesday restaurants, which consisted of 28 domestic and 52 international restaurants. It also owned and operated over eight Lime Fresh restaurants and franchised approximately eight Lime Fresh domestic restaurants. The Business’s corporate-owned and operated restaurants are concentrated primarily in the Southeast, Northeast, Mid-Atlantic and Midwest of the United States..