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

BT Brands, Inc. (NASDAQ:BTBD) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 68,691 shares, a decrease of 50.0% from the April 30th total of 137,354 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 244,391 shares, the short-interest ratio is currently 0.3 days.

BT Brands Price Performance

Shares of NASDAQ BTBD traded up $0.02 during mid-day trading on Monday, hitting $1.15. 76,489 shares of the company’s stock traded hands, compared to its average volume of 590,297. The company’s 50-day moving average is $1.59 and its two-hundred day moving average is $1.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.11 and a quick ratio of 3.48. The company has a market capitalization of $7.11 million, a P/E ratio of -6.76 and a beta of 0.52. BT Brands has a 1 year low of $1.03 and a 1 year high of $5.60.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings raised BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. Wall Street Zen upgraded shares of BT Brands from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, BT Brands presently 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 position in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the fourth quarter, according to its most recent 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 SEC filing. 0.44% of the stock is owned by hedge funds and other institutional investors.

BT Brands Company Profile

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.