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

BT Brands, Inc. (NASDAQ:BTBD) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 27,267 shares, a drop of 34.3% from the September 30th total of 41,478 shares. Based on an average daily trading volume, of 17,957 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.5% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

BT Brands Stock Down 3.9%

Shares of BTBD stock opened at $1.74 on Wednesday. The stock has a market cap of $10.75 million, a P/E ratio of -19.33 and a beta of 0.52. BT Brands has a one year low of $1.03 and a one year high of $2.48. The stock has a fifty day moving average price of $1.72 and a 200 day moving average price of $1.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.48 and a quick ratio of 3.99.

BT Brands (NASDAQ:BTBD) last announced its quarterly earnings results on Monday, August 17th. The company reported $0.09 earnings per share (EPS) 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%.

BT Brands Company Profile

BT Brands, Inc is a restaurant holding company that owns and operates franchised and company-operated restaurants in the United States. Its portfolio includes Burger Time restaurants, which offer quick-service hamburgers, sandwiches, fries, shakes and other menu items.

The company has also operated restaurants under additional concepts, including Boss’ Pizza and Chicken, a fast-casual chain serving pizza, chicken and related food products. BT Brands’ operations have been concentrated in the Upper Midwest and other select U.S.