BT Brands, Inc. (NASDAQ:BTBD) Sees Significant Drop in Short Interest

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 68,691 shares, a decrease of 50.0% from the April 30th total of 137,354 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 244,391 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On BT Brands

An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC boosted its holdings in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,396 shares of the company’s stock after purchasing an additional 111,679 shares during the quarter. DRW Securities LLC owned approximately 2.06% of BT Brands worth $176,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.44% of the company’s stock.

BT Brands Trading Up 2.6%

Shares of BT Brands stock traded up $0.03 during trading hours on Tuesday, reaching $1.17. The stock had a trading volume of 81,136 shares, compared to its average volume of 585,442. The firm has a market capitalization of $7.23 million, a price-to-earnings ratio of -6.88 and a beta of 0.52. The company has a current ratio of 4.11, a quick ratio of 3.48 and a debt-to-equity ratio of 0.33. BT Brands has a 1 year low of $1.03 and a 1 year high of $5.60. The firm has a 50 day simple moving average of $1.58 and a two-hundred day simple moving average of $1.48.

BT Brands (NASDAQ:BTBD) last announced its earnings results on Monday, May 18th. The company reported ($0.12) EPS for the quarter. The company had revenue of $2.84 million for the quarter. BT Brands had a negative net margin of 8.47% and a negative return on equity of 16.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BTBD shares. Weiss Ratings upgraded BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. Wall Street Zen raised BT Brands from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.