Short Interest in FAT Brands Inc. (NASDAQ:FATBP) Drops By 80.0%

FAT Brands Inc. (NASDAQ:FATBP) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 400 shares, a drop of 80.0% from the June 30th total of 2,000 shares. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is presently 0.0 days.

FAT Brands Trading Up 0.4 %

Shares of FATBP traded up $0.06 on Thursday, reaching $13.47. The stock had a trading volume of 5,463 shares, compared to its average volume of 13,072. The company has a 50-day simple moving average of $14.05 and a 200-day simple moving average of $14.82. FAT Brands has a 12-month low of $11.67 and a 12-month high of $17.12.

FAT Brands Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 20th. Investors of record on Friday, August 9th will be given a dividend of $0.1719 per share. This represents a $2.06 dividend on an annualized basis and a yield of 15.31%. The ex-dividend date of this dividend is Friday, August 9th.

FAT Brands Company Profile

FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli's, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.