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

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 15,799 shares, a decrease of 55.1% from the August 31st total of 35,199 shares. Based on an average daily volume of 36,346 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

BT Brands Trading Down 2.1%

NASDAQ BTBD traded down $0.04 during trading hours on Wednesday, reaching $1.81. The company had a trading volume of 4,850 shares, compared to its average volume of 341,546. The company has a current ratio of 4.48, a quick ratio of 3.99 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $11.20 million, a P/E ratio of -20.12 and a beta of 0.55. The stock has a 50-day moving average of $1.47 and a 200 day moving average of $1.42. BT Brands has a 1-year low of $1.03 and a 1-year high of $2.48.

BT Brands (NASDAQ:BTBD) last announced its quarterly earnings results on Monday, August 17th. The company reported $0.09 earnings per share 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%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

BT Brands Company Profile

BT Brands, Inc is a restaurant holding company that acquires, owns, operates and, in some cases, franchises restaurant businesses in the United States. The company focuses on established restaurant concepts and seeks to build a diversified portfolio of locations and brands.

Its operations have included Burger Time restaurants, which serve hamburgers, fries, shakes and other quick-service menu items. Depending on the location and brand, BT Brands’ restaurants may also offer broader casual-dining selections and family-oriented food-service options.

BT Brands has developed its business through a combination of operating restaurants and acquiring interests in additional restaurant concepts.