BT Brands, Inc. (NASDAQ:BTBD) Short Interest Up 1,623.8% in August

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

Hedge Funds Weigh In On BT Brands

An institutional investor recently raised its stake in BT Brands stock. DRW Securities LLC lifted its stake in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,396 shares of the company’s stock after acquiring an additional 111,679 shares during the quarter. DRW Securities LLC owned approximately 2.06% of BT Brands worth $176,000 at the end of the most recent reporting period. 0.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

BT Brands Trading Down 1.1%

Shares of NASDAQ:BTBD traded down $0.02 on Thursday, hitting $1.77. 42,000 shares of the company’s stock were exchanged, compared to its average volume of 367,739. The stock has a market capitalization of $10.94 million, a price-to-earnings ratio of -19.67 and a beta of 0.55. BT Brands has a 12 month low of $1.03 and a 12 month high of $2.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.48 and a quick ratio of 3.99. The business’s 50 day simple moving average is $1.27 and its two-hundred day simple moving average is $1.38.

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

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.