Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Rises By 687.2%

BT Brands, Inc. (NASDAQ:BTBD) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 1,305,722 shares, an increase of 687.2% from the March 31st total of 165,879 shares. Approximately 26.4% of the shares of the stock are short sold. Based on an average trading volume of 3,969,653 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of BT Brands in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

BT Brands Stock Performance

Shares of BTBD traded up $0.01 during trading hours on Friday, reaching $1.83. 18,263 shares of the company’s stock traded hands, compared to its average volume of 710,901. The business’s fifty day simple moving average is $1.58 and its two-hundred day simple moving average is $1.56. The firm has a market capitalization of $11.25 million, a price-to-earnings ratio of -18.30 and a beta of 0.66. BT Brands has a twelve month low of $1.00 and a twelve month high of $5.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.84 and a quick ratio of 4.18.

BT Brands (NASDAQ:BTBD) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.21) EPS for the quarter. BT Brands had a negative return on equity of 9.97% and a negative net margin of 5.10%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BT Brands stock. DRW Securities LLC lifted its holdings in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,396 shares of the company’s stock after buying an additional 111,679 shares during the period. DRW Securities LLC owned about 2.06% of BT Brands worth $176,000 as of its most recent filing with the SEC. 0.44% of the stock is owned by institutional investors and hedge funds.

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.