BT Brands, Inc. (NASDAQ:BTBD) Sees Large Decline in Short Interest

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

BT Brands Stock Up 8.2%

Shares of NASDAQ:BTBD traded up $0.12 during mid-day trading on Thursday, hitting $1.58. 17,250 shares of the company traded hands, compared to its average volume of 295,040. The stock has a market cap of $9.77 million, a P/E ratio of -17.56 and a beta of 0.52. The stock has a 50-day moving average price of $1.74 and a two-hundred day moving average price of $1.45. BT Brands has a 12-month low of $1.03 and a 12-month high of $2.48. The company has a current ratio of 4.48, a quick ratio of 3.99 and a debt-to-equity ratio of 0.28.

BT Brands (NASDAQ:BTBD) last announced its earnings results on Monday, August 17th. The company reported $0.09 EPS for the quarter. The company had revenue of $3.55 million during the quarter. BT Brands had a negative net margin of 4.57% and a negative return on equity of 8.99%.

Analyst Upgrades and Downgrades

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

BT Brands Company Profile

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.