Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Decreases By 61.9%

BT Brands, Inc. (NASDAQ:BTBD) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 26,179 shares, a drop of 61.9% from the May 14th total of 68,691 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 77,561 shares, the days-to-cover ratio is presently 0.3 days.

BT Brands Stock Performance

NASDAQ:BTBD remained flat at $1.16 during trading hours on Friday. The company had a trading volume of 22,257 shares, compared to its average volume of 546,934. The company has a market cap of $7.17 million, a PE ratio of -6.82 and a beta of 0.51. The company has a quick ratio of 3.48, a current ratio of 4.11 and a debt-to-equity ratio of 0.33. BT Brands has a twelve month low of $1.03 and a twelve month high of $5.60. The business’s 50 day moving average is $1.51 and its two-hundred day moving average is $1.46.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BTBD shares. Weiss Ratings raised BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded BT Brands from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of BT Brands

An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC increased its position in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 2.06% of BT Brands worth $176,000 at the end of the most recent reporting period. 0.44% of the stock is owned by institutional investors and hedge funds.

BT Brands Company Profile

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.