Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Drops By 82.1%

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 2,042 shares, a decrease of 82.1% from the July 30th total of 11,431 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 56,712 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of BT Brands

An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC increased its stake in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. Institutional investors own 0.44% of the company’s stock.

BT Brands Stock Up 1.5%

Shares of NASDAQ BTBD traded up $0.02 on Friday, hitting $1.44. The company had a trading volume of 45,480 shares, compared to its average volume of 383,032. The company has a quick ratio of 3.99, a current ratio of 4.48 and a debt-to-equity ratio of 0.28. BT Brands has a 12-month low of $1.03 and a 12-month high of $4.50. The firm has a market capitalization of $8.91 million, a P/E ratio of -16.00 and a beta of 0.51. The business has a 50 day moving average of $1.17 and a two-hundred day moving average of $1.35.

BT Brands (NASDAQ:BTBD) last announced its earnings results on Monday, August 17th. The company reported $0.09 EPS for the quarter. The business had revenue of $3.55 million for the quarter. BT Brands had a negative return on equity of 8.99% and a negative net margin of 4.57%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BTBD. Weiss Ratings downgraded shares of BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded shares of BT Brands from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, BT Brands presently has an average rating of “Sell”.

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.