Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Grows By 115.3%

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 89,969 shares, a growth of 115.3% from the February 12th total of 41,789 shares. Based on an average trading volume of 94,989 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.8% of the company’s stock are short sold. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 94,989 shares, the days-to-cover ratio is presently 0.9 days.

BT Brands Stock Performance

Shares of BT Brands stock traded up $0.01 during trading on Friday, reaching $1.45. The company’s stock had a trading volume of 23,903 shares, compared to its average volume of 94,516. The company has a 50-day moving average price of $1.39 and a two-hundred day moving average price of $1.60. BT Brands has a fifty-two week low of $1.00 and a fifty-two week high of $5.60. The firm has a market cap of $8.92 million, a PE ratio of -10.36 and a beta of 0.89. The company has a current ratio of 6.80, a quick ratio of 6.22 and a debt-to-equity ratio of 0.25.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of BT Brands in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On BT Brands

A hedge fund recently raised its stake in BT Brands stock. DRW Securities LLC grew its holdings in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,396 shares of the company’s stock after buying an additional 111,679 shares during the quarter. DRW Securities LLC owned about 2.06% of BT Brands worth $176,000 at the end of the most recent quarter. 0.44% of the stock is currently owned by institutional investors and hedge funds.

BT Brands Company Profile

BT Brands, Inc owns and operates fast-food restaurants in the north central region of United States. The company operates Burger Time restaurants located in Minnesota, North Dakota, and South Dakota; and a Dairy Queen franchise in Ham Lake, Minnesota. Its Burger Time restaurants provide various burgers and other food products, such as chicken sandwiches, pulled pork sandwiches, chicken chunks, side dishes, and soft drinks; and Dairy Queen restaurant offers burgers, chicken, sides, ice cream and other desserts, and various beverages.