Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Decreases By 82.1%

BT Brands, Inc. (NASDAQ:BTBD) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 2,042 shares, a drop of 82.1% from the July 30th total of 11,431 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 56,712 shares, the days-to-cover ratio is presently 0.0 days.

BT Brands Stock Performance

Shares of BT Brands stock opened at $1.34 on Wednesday. The stock has a market cap of $8.31 million, a price-to-earnings ratio of -14.94 and a beta of 0.51. The firm’s 50-day moving average is $1.16 and its 200 day moving average is $1.35. BT Brands has a 1 year low of $1.03 and a 1 year high of $4.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.48 and a quick ratio of 3.99.

BT Brands (NASDAQ:BTBD) last released its quarterly earnings data on Monday, August 17th. The company reported $0.09 earnings per share (EPS) for the quarter. BT Brands had a negative return on equity of 8.99% and a negative net margin of 4.57%.The business had revenue of $3.55 million for the quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BTBD shares. Weiss Ratings cut shares of BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded shares of BT Brands from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, BT Brands presently has an average rating of “Sell”.

Hedge Funds Weigh In On BT Brands

A hedge fund recently raised its position in BT Brands stock. DRW Securities LLC lifted its stake in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.44% of the company’s stock.

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.