BT Brands, Inc. (NASDAQ:BTBD) Stock Short Interest Climbs 162.5%

BT Brands, Inc. (NASDAQ:BTBD) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 41,478 shares, an increase of 162.5% from the September 15th total of 15,799 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 19,464 shares, the days-to-cover ratio is currently 2.1 days.

BT Brands Stock Down 3.0%

Shares of BTBD stock traded down $0.05 during mid-day trading on Monday, reaching $1.64. 43,506 shares of the company’s stock traded hands, compared to its average volume of 328,486. BT Brands has a 12 month low of $1.03 and a 12 month high of $2.48. The company has a market cap of $10.14 million, a P/E ratio of -18.22 and a beta of 0.52. The company has a quick ratio of 3.99, a current ratio of 4.48 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $1.57 and its 200-day moving average price is $1.44.

BT Brands (NASDAQ:BTBD) last released its earnings results on Monday, August 17th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $3.55 million for the quarter. BT Brands had a negative net margin of 4.57% and a negative return on equity of 8.99%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, BT Brands currently has a consensus rating of “Sell”.

About BT Brands

BT Brands, Inc is a restaurant holding company that owns, operates and develops restaurant businesses in the United States. Its primary operations are associated with quick-service and casual dining restaurants, serving products such as hamburgers, sandwiches, fries, beverages and other traditional restaurant fare.

The company is best known for its Burger Time restaurants, a regional quick-service brand. BT Brands also operates restaurants under the Dairy Queen brand and has expanded its portfolio through ownership interests in additional restaurant concepts.