BT Brands, Inc. (NASDAQ:BTBD) Sees Large Drop in Short Interest

BT Brands, Inc. (NASDAQ:BTBD) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 137,354 shares, a decline of 89.5% from the April 15th total of 1,305,722 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily volume of 387,873 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of BT Brands to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded shares of BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BT Brands stock. DRW Securities LLC lifted its position in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,396 shares of the company’s stock after purchasing an additional 111,679 shares during the period. DRW Securities LLC owned 2.06% of BT Brands worth $176,000 at the end of the most recent quarter. 0.44% of the stock is currently owned by hedge funds and other institutional investors.

BT Brands Stock Down 0.5%

NASDAQ BTBD traded down $0.01 on Tuesday, reaching $1.10. The company had a trading volume of 98,634 shares, compared to its average volume of 662,948. The company has a quick ratio of 4.18, a current ratio of 4.84 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average is $1.67 and its 200 day moving average is $1.55. BT Brands has a 52-week low of $1.00 and a 52-week high of $5.60. The stock has a market capitalization of $6.73 million, a P/E ratio of -10.84 and a beta of 0.66.

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.