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

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

BT Brands Stock Performance

Shares of NASDAQ:BTBD remained flat at $1.16 on Friday. The stock had a trading volume of 22,257 shares, compared to its average volume of 64,224. The business has a 50 day simple moving average of $1.50 and a 200-day simple moving average of $1.46. BT Brands has a 52-week low of $1.03 and a 52-week high of $5.60. The stock has a market capitalization of $7.17 million, a PE ratio of -6.82 and a beta of 0.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.11 and a quick ratio of 3.48.

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. BT Brands had a negative net margin of 8.47% and a negative return on equity of 16.67%. The company had revenue of $2.84 million for the quarter.

Wall Street Analyst Weigh In

BTBD has been the topic of a number of recent analyst reports. Weiss Ratings downgraded BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. Wall Street Zen upgraded 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, According to MarketBeat.com, the stock 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 boosted its stake in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 own 0.44% of the company’s stock.

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.