The Restaurant Group plc (OTCMKTS:RSTGF) Sees Significant Decline in Short Interest

The Restaurant Group plc (OTCMKTS:RSTGFGet Rating) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 5,600 shares, a drop of 60.8% from the March 31st total of 14,300 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

RSTGF stock remained flat at $$0.85 during midday trading on Friday. The business’s fifty day moving average price is $0.97 and its two-hundred day moving average price is $1.02. The Restaurant Group has a twelve month low of $0.06 and a twelve month high of $1.75.

A number of analysts recently issued reports on RSTGF shares. Berenberg Bank upgraded The Restaurant Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $110.00 to $125.00 in a research report on Thursday, January 6th. Peel Hunt upgraded The Restaurant Group to a “buy” rating in a research report on Thursday, March 10th. Zacks Investment Research upgraded The Restaurant Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Finally, Barclays lowered The Restaurant Group from an “equal weight” rating to an “underweight” rating and set a $70.00 target price on the stock. in a research note on Friday, March 25th.

The Restaurant Group Company Profile (Get Rating)

The Restaurant Group plc operates restaurants and pubs in the United Kingdom. Its brands include Wagamama, Frankie & Benny's, Brunning & Price, Chiquito, Coast to Coast, Firejacks, Garfunkel's, and Joe's Kitchen. The company also operates TRG concessions that provide table and counter services, as well as sandwich shops, pubs, and bars.

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