BT Brands, Inc. (NASDAQ:BTBD) Short Interest Down 61.9% in May

BT Brands, Inc. (NASDAQ:BTBD) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 26,179 shares, a decrease of 61.9% from the May 14th total of 68,691 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 77,561 shares, the days-to-cover ratio is currently 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 fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,396 shares of the company’s stock after purchasing an additional 111,679 shares during the quarter. DRW Securities LLC owned about 2.06% of BT Brands worth $176,000 as of its most recent SEC filing. 0.44% of the stock is owned by institutional investors.

BT Brands Stock Performance

Shares of NASDAQ:BTBD remained flat at $1.16 during midday trading on Friday. 22,257 shares of the company were exchanged, compared to its average volume of 64,224. The company has a current ratio of 4.11, a quick ratio of 3.48 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $1.50 and its two-hundred day moving average is $1.46. BT Brands has a 12-month low of $1.03 and a 12-month high of $5.60. The firm has a market capitalization of $7.17 million, a PE ratio of -6.82 and a beta of 0.51.

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

Analyst Ratings Changes

BTBD has been the subject of a number of research reports. Weiss Ratings lowered shares of BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. Wall Street Zen upgraded shares of BT Brands from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average 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.