Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Decreases By 61.9%

BT Brands, Inc. (NASDAQ:BTBD) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 26,179 shares, a decline of 61.9% from the May 14th total of 68,691 shares. Based on an average daily volume of 77,561 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Trading of BT Brands

A hedge fund recently raised its stake in BT Brands stock. DRW Securities LLC boosted its holdings in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 approximately 2.06% of BT Brands worth $176,000 at the end of the most recent reporting period. Institutional investors own 0.44% of the company’s stock.

BT Brands Price Performance

BTBD remained flat at $1.16 on Friday. 22,257 shares of the company traded hands, compared to its average volume of 546,934. BT Brands has a 1-year low of $1.03 and a 1-year high of $5.60. The company has a 50 day moving average of $1.51 and a 200-day moving average of $1.46. The company has a quick ratio of 3.48, a current ratio of 4.11 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $7.17 million, a price-to-earnings ratio of -6.82 and a beta of 0.51.

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

Analyst Ratings Changes

Several brokerages have weighed in on BTBD. Weiss Ratings upgraded shares of BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. Wall Street Zen raised shares of BT Brands from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.