Today’s Price Action: Will Ruby Tuesday, Inc. Short Squeeze Soon?

Today's Price Action: Will Ruby Tuesday, Inc. Short Squeeze Soon?

The stock of Ruby Tuesday, Inc. (NYSE:RT) is a huge mover today! The stock decreased 1.96% or $0.05 during the last trading session, hitting $2.5. About 735,558 shares traded hands. Ruby Tuesday, Inc. (NYSE:RT) has declined 52.74% since February 29, 2016 and is downtrending. It has underperformed by 63.17% the S&P500.
The move comes after 9 months negative chart setup for the $143.59M company. It was reported on Oct, 1 by We have $2.15 PT which if reached, will make NYSE:RT worth $20.10 million less.

Analysts await Ruby Tuesday, Inc. (NYSE:RT) to report earnings on October, 13.

According to Zacks Investment Research, “Ruby Tuesday operates casual dining concepts comprised of Ruby Tuesday, Mozzarella’s & Tia’s. Ruby Tuesdays are casual, full-service restaurants with whimsical artifacts, classic brass & Tiffany lamps which create a comfortable, nostalgic look & feel. Mozzarella’s is a full-service restaurant with a menu that features a variety of pastas & thin-crust pizzas, along with made-from-scratch soups, entree salads & sandwiches. Tia’s, is a full-service casual dining restaurant.”

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.64, from 1.64 in 2016Q1. The ratio worsened, as 12 funds sold all Ruby Tuesday, Inc. shares owned while 43 reduced positions. 17 funds bought stakes while 38 increased positions. They now own 50.93 million shares or 2.16% less from 52.05 million shares in 2016Q1.
Mariner Wealth Advisors Ltd accumulated 20,556 shares or 0% of the stock. Moreover, Arizona State Retirement System has 0% invested in Ruby Tuesday, Inc. (NYSE:RT) for 31,205 shares. Acadian Asset Management Ltd holds 0.01% or 567,007 shares in its portfolio. Legal & General Gru Inc Public Limited Company last reported 11,368 shares in the company. Moreover, Blackrock has 0% invested in Ruby Tuesday, Inc. (NYSE:RT) for 16,003 shares. Glenmede Na holds 225 shares or 0% of its portfolio. Parametric Port Assocs Ltd Liability Corp has 0% invested in the company for 124,089 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 3,113 shares or 0% of the stock. Swiss Bank & Trust owns 127,600 shares or 0% of their US portfolio. Menta Limited Liability holds 0.04% or 76,807 shares in its portfolio. Walleye Trading Limited Liability Co has 14,500 shares for 0% of their US portfolio. Manufacturers Life Company The last reported 0% of its portfolio in the stock. Renaissance Technologies Ltd Liability Corporation has 1.23 million shares for 0.01% of their US portfolio. Great West Life Assurance Communications Can has invested 0% of its portfolio in Ruby Tuesday, Inc. (NYSE:RT). Thrivent Financial For Lutherans has invested 0% of its portfolio in Ruby Tuesday, Inc. (NYSE:RT).

More recent Ruby Tuesday, Inc. (NYSE:RT) news were published by: which released: “Ruby Tuesday, Inc. Announces Sale of Church Street Building and Consolidation …” on September 22, 2016. Also published the news titled: “Ruby Tuesday, Inc. Reports Fourth Quarter and Fiscal Year 2016 Financial Results” on August 11, 2016.‘s news article titled: “Ruby Tuesday, Inc. Announces Management Changes and Preliminary Fiscal First …” with publication date: September 13, 2016 was also an interesting one.

RT Company Profile

Ruby Tuesday, Inc., incorporated on January 19, 1996, owns and operates Ruby Tuesday casual dining and Lime Fresh Mexican Grill (Lime Fresh) casual restaurants. The Firm also franchises the Ruby Tuesday concept in selected domestic and international markets, and the Lime Fresh concept in selected domestic markets. The Company’s divisions 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 Company’s corporate-owned and operated restaurants are concentrated primarily in the Southeast, Northeast, Mid-Atlantic and Midwest of the United States.

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