BT Brands, Inc. (NASDAQ:BTBD) Shares Shorted: Short Interest Up 162.5% in September

BT Brands, Inc. (NASDAQ:BTBD) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 41,478 shares, an increase of 162.5% from the September 15th total of 15,799 shares. Based on an average daily trading volume, of 19,464 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.8% of the company’s shares are short sold.

BT Brands Stock Up 2.7%

Shares of NASDAQ BTBD traded up $0.04 during mid-day trading on Tuesday, reaching $1.69. 2,395 shares of the company traded hands, compared to its average volume of 326,822. The company’s fifty day moving average is $1.58 and its two-hundred day moving average is $1.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.99 and a current ratio of 4.48. BT Brands has a fifty-two week low of $1.03 and a fifty-two week high of $2.48. The stock has a market cap of $10.42 million, a PE ratio of -18.72 and a beta of 0.52.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About BT Brands

BT Brands, Inc is a restaurant holding company that owns, operates and develops restaurant businesses in the United States. Its primary operations are associated with quick-service and casual dining restaurants, serving products such as hamburgers, sandwiches, fries, beverages and other traditional restaurant fare.

The company is best known for its Burger Time restaurants, a regional quick-service brand. BT Brands also operates restaurants under the Dairy Queen brand and has expanded its portfolio through ownership interests in additional restaurant concepts.