BT Brands, Inc. (NASDAQ:BTBD) Sees Significant Increase in Short Interest

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 41,937 shares, an increase of 129.3% from the June 15th total of 18,291 shares. Based on an average daily volume of 48,434 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.8% of the company’s stock are short sold.

BT Brands Trading Up 0.4%

BTBD stock traded up $0.01 during midday trading on Wednesday, reaching $1.16. The company’s stock had a trading volume of 5,056 shares, compared to its average volume of 466,258. BT Brands has a 1 year low of $1.03 and a 1 year high of $5.60. The firm has a market capitalization of $7.14 million, a price-to-earnings ratio of -6.91 and a beta of 0.52. The stock has a fifty day simple moving average of $1.14 and a two-hundred day simple moving average of $1.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.48 and a current ratio of 4.11.

BT Brands (NASDAQ:BTBD) last posted its quarterly earnings results on Monday, May 18th. The company reported ($0.12) 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 during the quarter.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Weiss Ratings cut BT Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded BT Brands from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On BT Brands

A hedge fund recently raised its position in BT Brands stock. DRW Securities LLC increased its holdings in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,396 shares of the company’s stock after acquiring an additional 111,679 shares during the quarter. DRW Securities LLC owned approximately 2.06% of BT Brands worth $176,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.44% of the company’s stock.

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.