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

BT Brands, Inc. (NASDAQ:BTBD) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 2,042 shares, a drop of 82.1% from the July 30th total of 11,431 shares. Based on an average trading volume of 56,712 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BTBD shares. Weiss Ratings downgraded shares of BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Wall Street Zen raised BT Brands from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

BT Brands Stock Performance

Shares of NASDAQ:BTBD traded up $0.05 on Thursday, hitting $1.42. The company had a trading volume of 27,824 shares, compared to its average volume of 45,975. BT Brands has a 1-year low of $1.03 and a 1-year high of $4.50. The stock has a market cap of $8.77 million, a price-to-earnings ratio of -15.77 and a beta of 0.51. The stock has a 50 day moving average price of $1.17 and a 200 day moving average price of $1.35. The company has a current ratio of 4.48, a quick ratio of 3.99 and a debt-to-equity ratio of 0.28.

BT Brands (NASDAQ:BTBD) last posted its earnings results on Monday, August 17th. The company reported $0.09 earnings per share (EPS) for the quarter. BT Brands had a negative net margin of 4.57% and a negative return on equity of 8.99%. The company had revenue of $3.55 million during the quarter.

Institutional Trading of BT Brands

A hedge fund 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% during the 4th 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 buying an additional 111,679 shares during the period. DRW Securities LLC owned approximately 2.06% of BT Brands worth $176,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.44% of the company’s stock.

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.