FAT Brands Inc. (NASDAQ:FATBB) Short Interest Up 1,520.9% in January

FAT Brands Inc. (NASDAQ:FATBB) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 419,048 shares, an increase of 1,520.9% from the January 15th total of 25,853 shares. Based on an average daily volume of 6,904,553 shares, the short-interest ratio is presently 0.1 days. Approximately 5.8% of the shares of the stock are short sold. Approximately 5.8% of the shares of the stock are short sold. Based on an average daily volume of 6,904,553 shares, the short-interest ratio is presently 0.1 days.

FAT Brands Stock Performance

NASDAQ FATBB remained flat at $0.89 during trading on Tuesday. The firm’s fifty day moving average price is $1.26 and its two-hundred day moving average price is $2.04. FAT Brands has a 12-month low of $0.32 and a 12-month high of $4.66. The firm has a market capitalization of $15.91 million, a PE ratio of -0.07 and a beta of 1.03.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of FAT Brands in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.