BT Brands, Inc. (NASDAQ:BTBDW) Sees Significant Increase in Short Interest

BT Brands, Inc. (NASDAQ:BTBDW) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 956 shares. Based on an average daily volume of 1,247 shares, the days-to-cover ratio is presently 0.8 days.

BT Brands Stock Up 95.4%

Shares of BTBDW traded up $0.01 during midday trading on Friday, hitting $0.02. 1,156 shares of the company traded hands, compared to its average volume of 4,498. The firm has a 50 day moving average of $0.03 and a 200-day moving average of $0.09. BT Brands has a 52 week low of $0.01 and a 52 week high of $0.29.

About BT Brands

BT Brands, Inc is a restaurant holding company that owns and operates quick-service and casual dining restaurants in the United States. Its portfolio has primarily included Burger Time restaurants, a regional quick-service burger concept known for hamburgers, fries, shakes, and other fast-food offerings.

The company has also expanded its restaurant portfolio through ownership and operation of additional franchised and independent concepts, including Dairy Queen locations. Its restaurants have served communities in the Upper Midwest and Northern Plains, including markets in North Dakota, South Dakota, Minnesota, and Montana.

BT Brands focuses on acquiring, developing, and operating restaurant businesses, with an emphasis on regional concepts and established franchise locations.