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

BT Brands, Inc. (NASDAQ:BTBD) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 137,354 shares, a decrease of 89.5% from the April 15th total of 1,305,722 shares. Based on an average daily volume of 387,873 shares, the short-interest ratio is presently 0.4 days. Currently, 2.8% of the shares of the stock are short sold.

BT Brands Stock Down 0.5%

Shares of NASDAQ BTBD traded down $0.01 during trading on Tuesday, hitting $1.10. 98,634 shares of the company traded hands, compared to its average volume of 662,948. The firm has a market capitalization of $6.73 million, a price-to-earnings ratio of -10.84 and a beta of 0.66. The business’s fifty day moving average is $1.67 and its 200 day moving average is $1.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 4.18 and a current ratio of 4.84. BT Brands has a fifty-two week low of $1.00 and a fifty-two week high of $5.60.

Analysts Set New Price Targets

A number of analysts have recently commented on BTBD shares. Weiss Ratings lowered BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of BT Brands to a “sell” rating in a report on Saturday, May 2nd. 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”.

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 shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,396 shares of the company’s stock after acquiring an additional 111,679 shares during the quarter. DRW Securities LLC owned about 2.06% of BT Brands worth $176,000 as of its most recent filing with the Securities & Exchange Commission. 0.44% of the stock is owned by 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.