Shares are trading at $2.37 which is marginally over the 50 day moving average of $2.22 and which is a tad above the 200 day moving average of $2.20. The 50 day moving average went up by +6.94% and the 200 day average went up by +7.67%. Ruby Tuesday, Inc. shares had a trading volume of 714K on Tuesday. Volume was down 64.63% under the stocks average daily volume.
Traders are more bullish on shares of Ruby Tuesday, Inc. recently considering the fall in short interest. The stock experienced a fall in short interest of -3.93% as of October 13, 2017 from the last reporting period. Short shares decreased 246,330 over that period. Days to cover increased from 21.0 to 22.0 and the percentage of shorted shares is 0.10% as of October 13.
These firms have modified their investment 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) went from $3,000 to $2,000 a change of 33.3% quarter over quarter. As of quarter end Creative Planning had sold a total of 400 shares trimming its position 33.3%. The value of the investment in Ruby Tuesday, Inc. decreased from $3,000 to $2,000 decreasing 33.3% since the last quarter.
As of quarter end Dynamic Technology Lab Private Ltd had sold 15,842 shares trimming its stake by 53.2%. The value in dollars decreased from $96,000 to $28,000 a change of $68,000 quarter to quarter. Parallax Volatility Advisers, L.p. downsized its investment by shedding 95,159 shares a decrease of 76.1% as of 06/30/2017. Parallax Volatility Advisers, L.p. controls 29,841 shares valued at $60,000. The total value of its holdings decreased 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..