BT Brands, Inc. (NASDAQ:BTBD – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 11,431 shares, a decline of 73.4% from the July 15th total of 42,982 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 23,490 shares, the days-to-cover ratio is currently 0.5 days.
BT Brands Trading Up 1.0%
Shares of NASDAQ:BTBD traded up $0.01 on Thursday, hitting $1.27. 9,809 shares of the company’s stock were exchanged, compared to its average volume of 408,085. BT Brands has a 12 month low of $1.03 and a 12 month high of $4.50. The stock has a market capitalization of $7.87 million, a price-to-earnings ratio of -7.49 and a beta of 0.51. The business’s 50 day simple moving average is $1.13 and its two-hundred day simple moving average is $1.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.11 and a quick ratio of 3.48.
BT Brands (NASDAQ:BTBD – Get Free Report) last posted its quarterly earnings results on Monday, May 18th. The company reported ($0.12) EPS for the quarter. BT Brands had a negative return on equity of 16.67% and a negative net margin of 8.47%.The company had revenue of $2.84 million during the quarter.
Analysts Set New Price Targets
Read Our Latest Report on BTBD
Hedge Funds Weigh In On BT Brands
An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC grew its stake in shares of BT Brands, Inc. (NASDAQ:BTBD – Free Report) by 758.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,396 shares of the company’s stock after acquiring an additional 111,679 shares during the period. DRW Securities LLC owned about 2.06% of BT Brands worth $176,000 at the end of the most recent quarter. 0.44% of the stock is owned by 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.
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