Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Grows By 218.2%
by Michael Walen · The Markets DailyBT Brands, Inc. (NASDAQ:BTBD – Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 165,879 shares, a growth of 218.2% from the March 15th total of 52,125 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average daily trading volume, of 495,571 shares, the days-to-cover ratio is presently 0.3 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of BT Brands in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
Read Our Latest Report on BTBD
Institutional Trading of BT Brands
A hedge fund recently raised its stake in BT Brands stock. DRW Securities LLC boosted its holdings in BT Brands, Inc. (NASDAQ:BTBD – Free Report) 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 fund owned 126,396 shares of the company’s stock after purchasing an additional 111,679 shares during the quarter. DRW Securities LLC owned about 2.06% of BT Brands worth $176,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.44% of the company’s stock.
BT Brands Stock Performance
Shares of BT Brands stock traded down $0.14 on Friday, hitting $1.62. The stock had a trading volume of 363,991 shares, compared to its average volume of 793,507. BT Brands has a 52-week low of $1.00 and a 52-week high of $5.60. The company has a current ratio of 4.84, a quick ratio of 4.18 and a debt-to-equity ratio of 0.30. The stock has a market cap of $9.96 million, a price-to-earnings ratio of -16.20 and a beta of 0.66. The company’s 50 day moving average price is $1.46 and its 200 day moving average price is $1.56.
BT Brands (NASDAQ:BTBD – Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported ($0.21) earnings per share for the quarter. BT Brands had a negative net margin of 5.10% and a negative return on equity of 9.97%.
About BT Brands
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.