Short Interest in FAT Brands Inc. (NASDAQ:FATBP) Declines By 39.3%

FAT Brands Inc. (NASDAQ:FATBP) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 7,100 shares, a decline of 39.3% from the February 28th total of 11,700 shares. Based on an average daily trading volume, of 23,500 shares, the days-to-cover ratio is currently 0.3 days.

FAT Brands Trading Down 3.8 %

Shares of FATBP stock traded down $0.35 on Friday, reaching $8.94. 26,332 shares of the stock were exchanged, compared to its average volume of 20,712. FAT Brands has a one year low of $8.82 and a one year high of $15.95. The stock has a 50 day moving average price of $9.75 and a 200 day moving average price of $9.72.

FAT Brands Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, April 21st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.1719 per share. This represents a $2.06 dividend on an annualized basis and a yield of 23.07%. The ex-dividend date of this dividend is Thursday, April 10th.

About FAT Brands

FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli’s, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo’s Cafe and Buffalo’s Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.