Short Interest in FAT Brands Inc. (NASDAQ:FATBB) Rises By 1,520.9%

FAT Brands Inc. (NASDAQ:FATBB) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 419,048 shares, a growth of 1,520.9% from the January 15th total of 25,853 shares. Approximately 5.8% of the shares of the stock are short sold. Based on an average daily volume of 6,904,553 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 6,904,553 shares, the short-interest ratio is currently 0.1 days. Approximately 5.8% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FAT Brands in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

FAT Brands Price Performance

NASDAQ:FATBB remained flat at $0.89 during trading hours on Tuesday. The firm has a market cap of $15.91 million, a P/E ratio of -0.07 and a beta of 1.03. The firm has a 50 day moving average of $1.26 and a two-hundred day moving average of $2.04. FAT Brands has a 1-year low of $0.32 and a 1-year high of $4.66.

FAT Brands (NASDAQ:FATBB) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($3.39) earnings per share for the quarter. The business had revenue of $140.01 million during the quarter.

About FAT Brands

FAT Brands Inc is a global franchising company specializing in multi-brand full-service and fast-casual restaurants. Headquartered in Beverly Hills, California, the company focuses on expanding and supporting a diverse portfolio of restaurant concepts through franchising agreements and corporate-owned locations. Its platform-driven approach aims to provide operational expertise, marketing support and supply chain efficiencies to franchise partners.

The company’s portfolio includes well-known brands such as Fatburger, Johnny Rockets, Round Table Pizza, Twin Peaks, Fazoli’s, Hurricane Grill & Wings, and Yalla Mediterranean, among others.