FAT Brands Inc. (NASDAQ:FATBP) Short Interest Down 69.0% in August

FAT Brands Inc. (NASDAQ:FATBP) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 6,300 shares, a decrease of 69.0% from the July 31st total of 20,300 shares. Based on an average daily volume of 24,000 shares, the short-interest ratio is currently 0.3 days.

FAT Brands Price Performance

FATBP traded up $0.20 during mid-day trading on Tuesday, hitting $10.74. 15,204 shares of the stock were exchanged, compared to its average volume of 15,495. The firm’s fifty day moving average is $12.78 and its two-hundred day moving average is $14.30. FAT Brands has a 1-year low of $9.67 and a 1-year high of $16.90.

FAT Brands Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Friday, August 9th were issued a dividend of $0.1719 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.06 annualized dividend and a yield of 19.20%.

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.