FAT Brands Inc. (NASDAQ:FATBP) Sees Significant Decline in Short Interest

FAT Brands Inc. (NASDAQ:FATBP) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 7,100 shares, a decrease of 39.3% from the February 28th total of 11,700 shares. Based on an average daily trading volume, of 23,500 shares, the short-interest ratio is currently 0.3 days.

FAT Brands Stock Performance

Shares of FATBP stock traded down $0.35 during mid-day trading on Friday, hitting $8.94. 26,332 shares of the stock were exchanged, compared to its average volume of 20,712. FAT Brands has a 12-month low of $8.82 and a 12-month high of $15.95. The stock’s fifty day simple moving average is $9.75 and its two-hundred day simple moving average is $9.72.

FAT Brands Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 21st. Shareholders of record on Thursday, April 10th will be paid a $0.1719 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.06 annualized dividend and a dividend yield of 23.07%.

About FAT Brands

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.