BT Brands, Inc. (NASDAQ:BTBD) Shares Shorted: Short Interest Down 80.7% in October

BT Brands, Inc. (NASDAQ:BTBD) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 5,273 shares, a drop of 80.7% from the October 15th total of 27,267 shares. Based on an average daily trading volume, of 12,858 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, BT Brands has an average rating of “Sell”.

BT Brands Stock Down 2.3%

BTBD traded down $0.04 during trading hours on Friday, reaching $1.51. 4,524 shares of the stock traded hands, compared to its average volume of 11,426. The firm’s fifty day simple moving average is $1.74 and its two-hundred day simple moving average is $1.45. The company has a market cap of $9.36 million, a price-to-earnings ratio of -5.83 and a beta of 0.52. BT Brands has a fifty-two week low of $1.03 and a fifty-two week high of $2.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.48 and a quick ratio of 3.99.

BT Brands (NASDAQ:BTBD) last issued its quarterly earnings data on Thursday, November 12th. The company reported ($0.02) EPS for the quarter. BT Brands had a negative return on equity of 26.80% and a negative net margin of 12.88%.

About BT Brands

BT Brands, Inc. is a restaurant holding company that owns and operates franchised and company-operated restaurants in the United States. Its portfolio includes Burger Time restaurants, which offer quick-service hamburgers, sandwiches, fries, shakes and other menu items. The company has also operated restaurants under additional concepts, including Boss’ Pizza and Chicken, a fast-casual chain serving pizza, chicken and related food products. BT Brands’ operations have been concentrated in the Upper Midwest and other select U.S. markets, including North Dakota, Minnesota, Montana and Oregon.