BT Brands, Inc. (NASDAQ:BTBD) Short Interest Down 82.1% in August

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

BT Brands Stock Performance

Shares of BTBD opened at $1.34 on Wednesday. The company has a 50-day simple moving average of $1.16 and a two-hundred day simple moving average of $1.35. 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 firm has a market capitalization of $8.31 million, a PE ratio of -14.94 and a beta of 0.51. BT Brands has a one year low of $1.03 and a one year high of $4.50.

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

Institutional Investors Weigh In On BT Brands

A hedge fund recently raised its position in BT Brands stock. DRW Securities LLC raised its position in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and 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 at the end of the most recent quarter. Institutional investors own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BTBD. Wall Street Zen raised 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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

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.