BT Brands, Inc. (NASDAQ:BTBD) Short Interest Down 89.5% in April

BT Brands, Inc. (NASDAQ:BTBD) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 137,354 shares, a drop of 89.5% from the April 15th total of 1,305,722 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily volume of 387,873 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On BT Brands

A hedge fund recently raised its stake in BT Brands stock. DRW Securities LLC grew 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 Form 13F filing with the Securities and Exchange Commission. The fund owned 126,396 shares of the company’s stock after buying an additional 111,679 shares during the period. DRW Securities LLC owned 2.06% of BT Brands worth $176,000 as of its most recent filing with the Securities and Exchange Commission. 0.44% of the stock is owned by institutional investors and hedge funds.

BT Brands Stock Performance

NASDAQ BTBD traded up $0.02 during trading hours on Wednesday, reaching $1.11. The company’s stock had a trading volume of 177,614 shares, compared to its average volume of 383,298. The company has a current ratio of 4.84, a quick ratio of 4.18 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $1.66 and a 200 day simple moving average of $1.54. BT Brands has a 52 week low of $1.00 and a 52 week high of $5.60. The stock has a market cap of $6.83 million, a PE ratio of -11.10 and a beta of 0.66.

Analysts Set New Price Targets

A number of equities analysts recently commented on BTBD shares. Wall Street Zen upgraded BT Brands to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, BT Brands has an average rating of “Sell”.

About BT Brands

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.