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

BT Brands, Inc. (NASDAQ:BTBD) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 68,691 shares, a drop of 50.0% from the April 30th total of 137,354 shares. Based on an average daily volume of 244,391 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.4% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BTBD shares. Weiss Ratings upgraded BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a report 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 research analyst has rated the stock with a Sell rating, Based on data from 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 increased its position in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 126,396 shares of the company’s stock after buying an additional 111,679 shares during the period. DRW Securities LLC owned 2.06% of BT Brands worth $176,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.44% of the company’s stock.

BT Brands Stock Down 0.6%

Shares of NASDAQ:BTBD traded down $0.01 during trading on Wednesday, reaching $1.16. 16,900 shares of the company traded hands, compared to its average volume of 580,214. The firm has a fifty day simple moving average of $1.58 and a 200 day simple moving average of $1.48. The company has a quick ratio of 3.48, a current ratio of 4.11 and a debt-to-equity ratio of 0.33. BT Brands has a 1-year low of $1.03 and a 1-year high of $5.60. The firm has a market cap of $7.19 million, a P/E ratio of -6.84 and a beta of 0.52.

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

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.