FAT Brands Inc. (NASDAQ:FATBP) Short Interest Down 72.6% in June

FAT Brands Inc. (NASDAQ:FATBP) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 2,000 shares, a decrease of 72.6% from the June 15th total of 7,300 shares. Based on an average daily volume of 15,500 shares, the short-interest ratio is presently 0.1 days.

FAT Brands Stock Performance

Shares of FATBP stock traded down $0.31 on Thursday, reaching $13.44. The company had a trading volume of 35,368 shares, compared to its average volume of 12,585. The company has a 50-day moving average of $14.29 and a 200-day moving average of $14.93. FAT Brands has a 12 month low of $13.21 and a 12 month high of $17.12.

FAT Brands Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Wednesday, July 10th will be paid a $0.1719 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 15.35%.

About FAT Brands

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.