BT Brands, Inc. (NASDAQ:BTBD) Short Interest Update

BT Brands, Inc. (NASDAQ:BTBD) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 35,199 shares, a growth of 1,623.8% from the August 15th total of 2,042 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 37,478 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BTBD shares. Weiss Ratings raised shares of BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Wall Street Zen raised BT Brands from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

BT Brands Trading Down 1.7%

BTBD stock traded down $0.03 during mid-day trading on Friday, reaching $1.74. The company had a trading volume of 27,038 shares, compared to its average volume of 38,222. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.48 and a quick ratio of 3.99. The company has a market capitalization of $10.76 million, a PE ratio of -19.33 and a beta of 0.55. The firm has a 50 day moving average of $1.30 and a 200 day moving average of $1.38. BT Brands has a 12 month low of $1.03 and a 12 month high of $2.48.

BT Brands (NASDAQ:BTBD) last posted its quarterly earnings results on Monday, August 17th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $3.55 million during the quarter. BT Brands had a negative net margin of 4.57% and a negative return on equity of 8.99%.

Institutional Investors Weigh In On BT Brands

An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC grew its position in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,396 shares of the company’s stock after buying an additional 111,679 shares during the quarter. DRW Securities LLC owned 2.06% of BT Brands worth $176,000 at the end of the most recent reporting period. 0.44% of the stock is owned by hedge funds and other institutional investors.

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.