FAT Brands Inc. (NASDAQ:FATBB) Short Interest Update

FAT Brands Inc. (NASDAQ:FATBB) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 3,500 shares, an increase of 66.7% from the February 13th total of 2,100 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 8,800 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC increased its holdings in FAT Brands Inc. (NASDAQ:FATBB) by 14.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,307 shares of the company’s stock after acquiring an additional 5,936 shares during the period. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 at the end of the most recent quarter.

FAT Brands Stock Down 1.3 %

Shares of FATBB opened at $3.03 on Monday. The stock has a market cap of $53.91 million, a P/E ratio of -0.33 and a beta of 1.06. The business’s fifty day moving average is $4.24 and its 200 day moving average is $4.53. FAT Brands has a 12-month low of $3.00 and a 12-month high of $8.00.

About FAT Brands

FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli's, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.