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

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 11,431 shares, a decrease of 73.4% from the July 15th total of 42,982 shares. Based on an average daily volume of 23,490 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research analysts have commented on BTBD shares. Weiss Ratings downgraded BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded shares of BT Brands from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

BT Brands Trading Up 1.6%

BT Brands stock traded up $0.02 during trading hours on Friday, reaching $1.31. 16,650 shares of the company’s stock were exchanged, compared to its average volume of 405,611. The company has a quick ratio of 3.48, a current ratio of 4.11 and a debt-to-equity ratio of 0.33. The firm’s 50 day simple moving average is $1.14 and its 200 day simple moving average is $1.35. BT Brands has a twelve month low of $1.03 and a twelve month high of $4.50. The firm has a market capitalization of $8.10 million, a PE ratio of -7.70 and a beta of 0.51.

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

Institutional Trading of BT Brands

A hedge fund recently raised its stake in BT Brands stock. DRW Securities LLC increased its holdings in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 126,396 shares of the company’s stock after buying an additional 111,679 shares during the period. DRW Securities LLC owned about 2.06% of BT Brands worth $176,000 as of its most recent filing with the SEC. 0.44% of the stock is currently owned by institutional investors and hedge funds.

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.