BT Brands, Inc. (NASDAQ:BTBD) Short Interest Up 129.3% in June

BT Brands, Inc. (NASDAQ:BTBD) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 41,937 shares, an increase of 129.3% from the June 15th total of 18,291 shares. Based on an average daily trading volume, of 48,434 shares, the short-interest ratio is presently 0.9 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Trading of BT Brands

An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC lifted its position in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 2.06% of BT Brands worth $176,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.44% of the company’s stock.

BT Brands Price Performance

Shares of NASDAQ:BTBD traded down $0.07 during midday trading on Thursday, hitting $1.12. The company had a trading volume of 8,031 shares, compared to its average volume of 34,093. BT Brands has a twelve month low of $1.03 and a twelve month high of $5.60. The stock has a market cap of $6.96 million, a price-to-earnings ratio of -6.62 and a beta of 0.52. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.11 and a quick ratio of 3.48. The business’s 50-day simple moving average is $1.13 and its 200-day simple moving average is $1.40.

BT Brands (NASDAQ:BTBD) last issued its earnings results 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 during the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Weiss Ratings cut BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. Wall Street Zen upgraded BT Brands from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.