FAT Brands Inc. (NASDAQ:FATBP) Short Interest Up 1,305.8% in January

FAT Brands Inc. (NASDAQ:FATBP) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 8,210 shares, an increase of 1,305.8% from the December 31st total of 584 shares. Based on an average daily volume of 41,123 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 41,123 shares, the short-interest ratio is presently 0.2 days.

FAT Brands Stock Performance

Shares of FATBP stock traded up $0.01 during mid-day trading on Thursday, reaching $0.52. 80,357 shares of the stock traded hands, compared to its average volume of 42,055. The stock’s fifty day simple moving average is $0.94 and its two-hundred day simple moving average is $1.92. FAT Brands has a 1-year low of $0.40 and a 1-year high of $10.15.

About FAT Brands

FAT Brands, Inc operates as a global franchisor and operator of quick service and casual dining restaurants, managing a portfolio of iconic food-service brands. Through long-term franchise partnerships and corporate-owned locations, the company offers burgers, pizza, chicken wings, desserts and Mediterranean cuisine under well-known names such as Fatburger, Round Table Pizza, Johnny Rockets, Great American Cookies, Marble Slab Creamery, Pretzelmaker, Hurricane Grill & Wings and Yalla Mediterranean.