Short Interest in FAT Brands Inc. (NASDAQ:FATBP) Expands By 140.8%

FAT Brands Inc. (NASDAQ:FATBP) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 17,100 shares, a growth of 140.8% from the March 15th total of 7,100 shares. Based on an average daily volume of 28,600 shares, the short-interest ratio is presently 0.6 days.

FAT Brands Stock Down 3.3 %

FATBP traded down $0.23 on Tuesday, hitting $6.72. The company had a trading volume of 16,371 shares, compared to its average volume of 22,582. FAT Brands has a 1 year low of $6.47 and a 1 year high of $15.93. The company’s fifty day moving average price is $9.06 and its 200 day moving average price is $9.47.

FAT Brands Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, April 21st. Investors of record on Thursday, April 10th will be issued a $0.1719 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 30.69%. The ex-dividend date of this dividend is Thursday, April 10th.

FAT Brands Company Profile

FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli’s, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo’s Cafe and Buffalo’s Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.