BT Brands, Inc. (NASDAQ:BTBD) Short Interest Update

BT Brands, Inc. (NASDAQ:BTBD) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 35,199 shares, a growth of 1,623.8% from the August 15th total of 2,042 shares. Based on an average trading volume of 37,478 shares, the short-interest ratio is currently 0.9 days. Approximately 0.7% of the company’s stock are sold short.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BTBD shares. Wall Street Zen upgraded shares of BT Brands from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, BT Brands presently has an average rating of “Sell”.

BT Brands Stock Performance

Shares of BTBD opened at $1.66 on Friday. The company has a market capitalization of $10.25 million, a price-to-earnings ratio of -18.03 and a beta of 0.55. BT Brands has a 52-week low of $1.03 and a 52-week high of $2.48. The company has a quick ratio of 3.99, a current ratio of 4.48 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $1.29 and a 200 day moving average price of $1.38.

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

Hedge Funds Weigh In On BT Brands

A hedge fund recently raised its position in BT Brands stock. DRW Securities LLC increased its position in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 126,396 shares of the company’s stock after purchasing 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 quarter. Institutional investors and hedge funds own 0.44% of the company’s stock.

About BT Brands

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.