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

BT Brands, Inc. (NASDAQ:BTBD – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 15,799 shares, a drop of 55.1% from the August 31st total of 35,199 shares. Based on an average daily trading volume, of 36,346 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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BT Brands Price Performance

BTBD traded down $0.18 during midday trading on Tuesday, reaching $1.76. 602 shares of the company’s stock were exchanged, compared to its average volume of 345,067. The company has a quick ratio of 3.99, a current ratio of 4.48 and a debt-to-equity ratio of 0.28. The business has a 50-day simple moving average of $1.45 and a two-hundred day simple moving average of $1.41. The firm has a market capitalization of $10.86 million, a price-to-earnings ratio of -19.61 and a beta of 0.55. BT Brands has a one year low of $1.03 and a one year high of $2.48.

BT Brands (NASDAQ:BTBD – Get Free Report) last released its quarterly earnings data on Monday, August 17th. The company reported $0.09 earnings per share for the quarter. The company 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%.

About BT Brands

(Get Free Report)

BT Brands, Inc is a restaurant holding company that acquires, owns, operates and, in some cases, franchises restaurant businesses in the United States. The company focuses on established restaurant concepts and seeks to build a diversified portfolio of locations and brands.

Its operations have included Burger Time restaurants, which serve hamburgers, fries, shakes and other quick-service menu items. Depending on the location and brand, BT Brands’ restaurants may also offer broader casual-dining selections and family-oriented food-service options.

BT Brands has developed its business through a combination of operating restaurants and acquiring interests in additional restaurant concepts.

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