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

BT Brands, Inc. (NASDAQ:BTBD) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 41,937 shares, an increase of 129.3% from the June 15th total of 18,291 shares. Based on an average daily trading volume, of 48,434 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.8% of the company’s shares are short sold.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On BT Brands

An institutional investor recently raised its stake in BT Brands stock. DRW Securities LLC increased its position in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 126,396 shares of the company’s stock after buying an additional 111,679 shares during the quarter. DRW Securities LLC owned 2.06% of BT Brands worth $176,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.44% of the company’s stock.

BT Brands Trading Up 6.2%

BT Brands stock traded up $0.07 during trading hours on Tuesday, reaching $1.18. 31,918 shares of the company’s stock traded hands, compared to its average volume of 469,388. BT Brands has a fifty-two week low of $1.03 and a fifty-two week high of $5.60. The firm has a market capitalization of $7.26 million, a price-to-earnings ratio of -6.91 and a beta of 0.52. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.48 and a current ratio of 4.11. The firm’s 50 day moving average is $1.15 and its 200-day moving average is $1.40.

BT Brands (NASDAQ:BTBD) last released its earnings results on Monday, May 18th. The company reported ($0.12) EPS for the quarter. BT Brands had a negative return on equity of 16.67% and a negative net margin of 8.47%.The business had revenue of $2.84 million for the quarter.

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.