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

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 11,431 shares, a decrease of 73.4% from the July 15th total of 42,982 shares. Based on an average daily trading volume, of 23,490 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen raised BT Brands from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings lowered BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of BT Brands

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

BT Brands Stock Down 1.6%

BTBD stock traded down $0.02 during trading on Friday, reaching $1.27. The stock had a trading volume of 38,381 shares, compared to its average volume of 41,647. BT Brands has a one year low of $1.03 and a one year high of $4.50. The company has a quick ratio of 3.48, a current ratio of 4.11 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $1.14 and its two-hundred day moving average is $1.35. The company has a market capitalization of $7.85 million, a price-to-earnings ratio of -7.47 and a beta of 0.51.

BT Brands (NASDAQ:BTBD) last posted its quarterly earnings data on Monday, May 18th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $2.84 million during the quarter. BT Brands had a negative net margin of 8.47% and a negative return on equity of 16.67%.

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.