BT Brands, Inc. (NASDAQ:BTBD) Short Interest Up 1,623.8% in August

BT Brands, Inc. (NASDAQ:BTBD) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 35,199 shares, an increase of 1,623.8% from the August 15th total of 2,042 shares. Based on an average trading volume of 37,478 shares, the short-interest ratio is currently 0.9 days. Approximately 0.7% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BTBD shares. Weiss Ratings raised BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Wall Street Zen upgraded BT Brands from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of BT Brands

A hedge fund recently raised its stake in BT Brands stock. DRW Securities LLC lifted its holdings in 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 purchasing an additional 111,679 shares during the quarter. DRW Securities LLC owned 2.06% of BT Brands worth $176,000 at the end of the most recent quarter. 0.44% of the stock is owned by institutional investors.

BT Brands Price Performance

Shares of BT Brands stock traded down $0.02 on Thursday, hitting $1.77. 42,000 shares of the company traded hands, compared to its average volume of 367,739. The stock has a market capitalization of $10.94 million, a P/E ratio of -19.67 and a beta of 0.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.99 and a current ratio of 4.48. BT Brands has a 52 week low of $1.03 and a 52 week high of $2.48. The business has a 50-day simple moving average of $1.27 and a 200 day simple moving average of $1.38.

BT Brands (NASDAQ:BTBD) last announced its quarterly earnings results on Monday, August 17th. The company reported $0.09 EPS for the quarter. The business had revenue of $3.55 million for the quarter. BT Brands had a negative net margin of 4.57% and a negative return on equity of 8.99%.

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.