Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Decreases By 89.5%

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a significant decline in short interest in the month of 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. Based on an average trading volume of 387,873 shares, the short-interest ratio is presently 0.4 days. Currently, 2.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BTBD shares. Wall Street Zen raised BT Brands to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

BT Brands Price Performance

Shares of BTBD traded up $0.02 on Thursday, hitting $1.13. The company’s stock had a trading volume of 24,462 shares, compared to its average volume of 651,305. The company has a market capitalization of $6.94 million, a PE ratio of -11.29 and a beta of 0.66. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.84 and a quick ratio of 4.18. BT Brands has a fifty-two week low of $1.00 and a fifty-two week high of $5.60. The company has a 50 day moving average price of $1.66 and a 200 day moving average price of $1.54.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC boosted its position in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 126,396 shares of the company’s stock after buying an additional 111,679 shares during the quarter. DRW Securities LLC owned approximately 2.06% of BT Brands worth $176,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.44% of the company’s stock.

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.