Short Interest in FAT Brands Inc. (NASDAQ:FATBB) Grows By 113.4%

FAT Brands Inc. (NASDAQ:FATBB) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 16,489 shares, a growth of 113.4% from the December 15th total of 7,726 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 38,621 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 38,621 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of FAT Brands in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, FAT Brands currently has a consensus rating of “Sell”.

FAT Brands Stock Performance

Shares of NASDAQ FATBB traded up $0.02 during mid-day trading on Wednesday, reaching $1.17. The company had a trading volume of 1,451 shares, compared to its average volume of 6,250. The company has a market capitalization of $20.90 million, a price-to-earnings ratio of -0.09 and a beta of 1.02. The stock has a fifty day moving average of $1.70 and a two-hundred day moving average of $2.27. FAT Brands has a 12-month low of $1.14 and a 12-month high of $8.00.

FAT Brands (NASDAQ:FATBB) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($3.39) earnings per share for the quarter. The business had revenue of $140.01 million for the quarter.

About FAT Brands

FAT Brands Inc is a global franchising company specializing in multi-brand full-service and fast-casual restaurants. Headquartered in Beverly Hills, California, the company focuses on expanding and supporting a diverse portfolio of restaurant concepts through franchising agreements and corporate-owned locations. Its platform-driven approach aims to provide operational expertise, marketing support and supply chain efficiencies to franchise partners.

The company’s portfolio includes well-known brands such as Fatburger, Johnny Rockets, Round Table Pizza, Twin Peaks, Fazoli’s, Hurricane Grill & Wings, and Yalla Mediterranean, among others.