FAT Brands Inc. (NASDAQ:FATBP) Short Interest Up 1,305.8% in January

FAT Brands Inc. (NASDAQ:FATBP) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 8,210 shares, a growth of 1,305.8% from the December 31st total of 584 shares. Based on an average trading volume of 41,123 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 41,123 shares, the days-to-cover ratio is currently 0.2 days.

FAT Brands Trading Down 31.1%

Shares of FATBP stock traded down $0.32 on Tuesday, hitting $0.71. 122,717 shares of the stock traded hands, compared to its average volume of 36,110. FAT Brands has a twelve month low of $0.49 and a twelve month high of $10.15. The firm’s 50-day moving average price is $0.98 and its two-hundred day moving average price is $1.93.

About FAT Brands

FAT Brands, Inc operates as a global franchisor and operator of quick service and casual dining restaurants, managing a portfolio of iconic food-service brands. Through long-term franchise partnerships and corporate-owned locations, the company offers burgers, pizza, chicken wings, desserts and Mediterranean cuisine under well-known names such as Fatburger, Round Table Pizza, Johnny Rockets, Great American Cookies, Marble Slab Creamery, Pretzelmaker, Hurricane Grill & Wings and Yalla Mediterranean.