FAT Brands Inc. (NASDAQ:FATBP) Sees Large Drop in Short Interest

FAT Brands Inc. (NASDAQ:FATBP) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 3,371 shares, a decrease of 46.1% from the November 30th total of 6,249 shares. Based on an average trading volume of 26,511 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 26,511 shares, the days-to-cover ratio is presently 0.1 days.

FAT Brands Trading Down 7.8%

FATBP stock opened at $0.77 on Friday. The company has a fifty day moving average price of $1.61 and a 200 day moving average price of $2.25. FAT Brands has a 12 month low of $0.77 and a 12 month high of $10.30.

FAT Brands (NASDAQ:FATBP) last announced its earnings results on Monday, March 21st. The company reported ($0.48) EPS for the quarter. The firm had revenue of $6.50 million for the quarter.

FAT Brands Company Profile

FAT Brands, Inc operates as a global franchisor and operator of quick service and casual dining restaurants, managing a portfolio of iconic food-service brands. Through long-term franchise partnerships and corporate-owned locations, the company offers burgers, pizza, chicken wings, desserts and Mediterranean cuisine under well-known names such as Fatburger, Round Table Pizza, Johnny Rockets, Great American Cookies, Marble Slab Creamery, Pretzelmaker, Hurricane Grill & Wings and Yalla Mediterranean.