Short Interest in FAT Brands Inc. (NASDAQ:FATBP) Drops By 34.5%

FAT Brands Inc. (NASDAQ:FATBP) was the target of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 7,200 shares, a decrease of 34.5% from the May 15th total of 11,000 shares. Based on an average trading volume of 41,800 shares, the short-interest ratio is currently 0.2 days.

FAT Brands Price Performance

Shares of NASDAQ FATBP opened at $2.92 on Tuesday. The company’s fifty day moving average price is $4.84 and its 200 day moving average price is $7.91. FAT Brands has a 1 year low of $2.00 and a 1 year high of $14.20.

FAT Brands Company Profile

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.