Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Increases By 115.3%

BT Brands, Inc. (NASDAQ:BTBD) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 89,969 shares, an increase of 115.3% from the February 12th total of 41,789 shares. Based on an average daily trading volume, of 94,989 shares, the short-interest ratio is currently 0.9 days. Currently, 1.8% of the company’s stock are short sold. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 94,989 shares, the short-interest ratio is currently 0.9 days.

BT Brands Stock Performance

Shares of NASDAQ BTBD traded up $0.03 during mid-day trading on Thursday, reaching $1.44. 28,196 shares of the company were exchanged, compared to its average volume of 95,825. The stock has a market capitalization of $8.84 million, a P/E ratio of -10.26 and a beta of 0.89. The company has a quick ratio of 6.22, a current ratio of 6.80 and a debt-to-equity ratio of 0.25. The company’s 50-day simple moving average is $1.38 and its 200-day simple moving average is $1.60. BT Brands has a twelve month low of $1.00 and a twelve month high of $5.60.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of BT Brands in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On BT Brands

An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC grew its stake in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 126,396 shares of the company’s stock after acquiring an additional 111,679 shares during the period. DRW Securities LLC owned about 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 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.