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

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a large growth in short interest in 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. Based on an average daily trading volume, of 19,464 shares, the short-interest ratio is currently 2.1 days. Approximately 0.8% of the company’s stock are short sold.

BT Brands Stock Down 7.1%

BTBD traded down $0.12 on Wednesday, reaching $1.64. The company’s stock had a trading volume of 6,392 shares, compared to its average volume of 325,236. The stock has a market cap of $10.10 million, a price-to-earnings ratio of -18.17 and a beta of 0.52. BT Brands has a 1 year low of $1.03 and a 1 year high of $2.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.48 and a quick ratio of 3.99. The business’s 50 day moving average is $1.59 and its 200 day moving average is $1.44.

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

Analysts Set New Price Targets

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

BT Brands Company Profile

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.