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

BT Brands, Inc. (NASDAQ:BTBD) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 1,305,722 shares, a growth of 687.2% from the March 31st total of 165,879 shares. Based on an average daily volume of 3,969,653 shares, the short-interest ratio is currently 0.3 days. Currently, 26.4% of the company’s shares are sold short.

Institutional Trading of BT Brands

A hedge fund recently raised its stake in BT Brands stock. DRW Securities LLC boosted its holdings in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 126,396 shares of the company’s stock after purchasing an additional 111,679 shares during the period. DRW Securities LLC owned approximately 2.06% of BT Brands worth $176,000 as of its most recent filing with the SEC. 0.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of BT Brands in a research report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

BT Brands Trading Up 0.5%

Shares of BT Brands stock traded up $0.01 on Friday, hitting $1.83. 18,263 shares of the company traded hands, compared to its average volume of 710,901. The stock’s 50 day moving average price is $1.58 and its 200-day moving average price is $1.56. The company has a current ratio of 4.84, a quick ratio of 4.18 and a debt-to-equity ratio of 0.30. BT Brands has a 52 week low of $1.00 and a 52 week high of $5.60. The company has a market cap of $11.25 million, a PE ratio of -18.30 and a beta of 0.66.

BT Brands (NASDAQ:BTBD) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.21) earnings per share for the quarter. BT Brands had a negative net margin of 5.10% and a negative return on equity of 9.97%.

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.