BT Brands, Inc. (NASDAQ:BTBD – Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,300 shares, a growth of 215.0% from the February 29th total of 2,000 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 159,400 shares, the short-interest ratio is currently 0.0 days.
Institutional Investors Weigh In On BT Brands
An institutional investor recently raised its position in BT Brands stock. Tower Research Capital LLC TRC increased its holdings in BT Brands, Inc. (NASDAQ:BTBD – Free Report) by 194.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,173 shares of the company’s stock after acquiring an additional 8,033 shares during the quarter. Tower Research Capital LLC TRC owned approximately 0.19% of BT Brands worth $26,000 as of its most recent SEC filing. 0.44% of the stock is owned by hedge funds and other institutional investors.
BT Brands Stock Performance
Shares of NASDAQ BTBD traded up $0.05 during mid-day trading on Thursday, reaching $1.68. The company’s stock had a trading volume of 297 shares, compared to its average volume of 181,119. The stock has a fifty day moving average of $1.91 and a two-hundred day moving average of $2.02. BT Brands has a 52 week low of $1.45 and a 52 week high of $3.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 5.64 and a current ratio of 5.79.
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.
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