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

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 68,691 shares, a decline of 50.0% from the April 30th total of 137,354 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 244,391 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On BT Brands

An institutional investor recently raised its position in BT Brands stock. DRW Securities LLC raised its stake in BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,396 shares of the company’s stock after purchasing an additional 111,679 shares during the quarter. DRW Securities LLC owned 2.06% of BT Brands worth $176,000 as of its most recent filing with the Securities & Exchange Commission. 0.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

BT Brands Price Performance

Shares of BTBD traded up $0.02 during midday trading on Monday, hitting $1.15. The company’s stock had a trading volume of 76,489 shares, compared to its average volume of 590,297. BT Brands has a one year low of $1.03 and a one year high of $5.60. The company’s fifty day simple moving average is $1.59 and its two-hundred day simple moving average is $1.49. The company has a quick ratio of 3.48, a current ratio of 4.11 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $7.11 million, a price-to-earnings ratio of -6.76 and a beta of 0.52.

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

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.