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

BT Brands, Inc. (NASDAQ:BTBD) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 41,937 shares, a growth of 129.3% from the June 15th total of 18,291 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 48,434 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of BT Brands

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BTBD. Wall Street Zen raised shares of BT Brands from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings downgraded shares of BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

BT Brands Stock Performance

NASDAQ:BTBD traded up $0.07 on Tuesday, reaching $1.18. 31,918 shares of the company’s stock were exchanged, compared to its average volume of 469,388. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.11 and a quick ratio of 3.48. BT Brands has a 52 week low of $1.03 and a 52 week high of $5.60. The firm has a market cap of $7.26 million, a price-to-earnings ratio of -6.91 and a beta of 0.52. The stock has a fifty day simple moving average of $1.15 and a 200-day simple moving average of $1.40.

BT Brands (NASDAQ:BTBD) last issued its quarterly earnings results on Monday, May 18th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $2.84 million for the quarter. BT Brands had a negative net margin of 8.47% and a negative return on equity of 16.67%.

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.