BT Brands, Inc. (NASDAQ:BTBD) Short Interest Down 73.4% in July

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 11,431 shares, a decline of 73.4% from the July 15th total of 42,982 shares. Based on an average daily volume of 23,490 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

BT Brands Price Performance

BT Brands stock traded up $0.01 during mid-day trading on Thursday, reaching $1.27. 9,809 shares of the company’s stock traded hands, compared to its average volume of 408,085. BT Brands has a 12-month low of $1.03 and a 12-month high of $4.50. The company has a quick ratio of 3.48, a current ratio of 4.11 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $1.13 and a two-hundred day moving average of $1.35. The company has a market cap of $7.87 million, a price-to-earnings ratio of -7.49 and a beta of 0.51.

BT Brands (NASDAQ:BTBD) last issued its quarterly earnings data on Monday, May 18th. The company reported ($0.12) EPS for the quarter. BT Brands had a negative return on equity of 16.67% and a negative net margin of 8.47%.The business had revenue of $2.84 million during the quarter.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BT Brands stock. DRW Securities LLC increased its stake in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,396 shares of the company’s stock after acquiring 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 SEC filing. 0.44% of the stock is currently owned by institutional investors and hedge funds.

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.