Ruby Tuesday, Inc. (NYSE:RT) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 2,707,609 shares, a decrease of 55.0% from the October 13th total of 6,021,512 shares. Approximately 4.8% of the company’s stock are short sold. Based on an average daily trading volume, of 3,235,863 shares, the days-to-cover ratio is presently 0.8 days.

Shares of Ruby Tuesday (NYSE:RT) opened at $2.37 on Tuesday. Ruby Tuesday has a 1 year low of $1.69 and a 1 year high of $3.68. 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 (NYSE:RT) last announced its quarterly earnings data on Monday, October 16th. The restaurant operator reported ($0.01) EPS for the quarter. Ruby Tuesday had a negative net margin of 8.36% and a negative return on equity of 3.67%. The firm had revenue of $217.31 million for the quarter.

In other news, Director Bernard Lanigan, Jr. sold 309,592 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $2.38, for a total value of $736,828.96. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.80% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Thrivent Financial For Lutherans lifted its stake in Ruby Tuesday by 7.3% during the 1st quarter. Thrivent Financial For Lutherans now owns 35,460 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 2,420 shares during the period. Marquette Asset Management Inc. lifted its stake in Ruby Tuesday by 9.5% during the 2nd quarter. Marquette Asset Management Inc. now owns 54,365 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 4,707 shares during the period. Virtu KCG Holdings LLC bought a new position in Ruby Tuesday during the 2nd quarter valued at about $126,000. SG Americas Securities LLC bought a new position in Ruby Tuesday during the 2nd quarter valued at about $143,000. Finally, Citigroup Inc. lifted its stake 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 acquiring an additional 49,268 shares during the period. 76.26% of the stock is currently owned by institutional investors.

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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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