BT Brands, Inc. (NASDAQ:BTBD – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 41,478 shares, a growth of 162.5% from the September 15th total of 15,799 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 19,464 shares, the short-interest ratio is presently 2.1 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Read Our Latest Report on BT Brands
BT Brands Trading Down 3.0%
BT Brands (NASDAQ:BTBD – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $3.55 million for the quarter.
About BT Brands
BT Brands, Inc is a restaurant holding company that owns, operates and develops restaurant businesses in the United States. Its primary operations are associated with quick-service and casual dining restaurants, serving products such as hamburgers, sandwiches, fries, beverages and other traditional restaurant fare.
The company is best known for its Burger Time restaurants, a regional quick-service brand. BT Brands also operates restaurants under the Dairy Queen brand and has expanded its portfolio through ownership interests in additional restaurant concepts.
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