FAT Brands Inc. (NASDAQ:FATBB) Sees Large Growth in Short Interest

FAT Brands Inc. (NASDAQ:FATBB) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 3,800 shares, an increase of 111.1% from the December 31st total of 1,800 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On FAT Brands

A hedge fund recently raised its stake in FAT Brands stock. Geode Capital Management LLC raised its position in shares of FAT Brands Inc. (NASDAQ:FATBB) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,307 shares of the company’s stock after buying an additional 5,936 shares during the quarter. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 at the end of the most recent reporting period.

FAT Brands Stock Down 9.9 %

FATBB stock traded down $0.47 during midday trading on Friday, hitting $4.30. The company’s stock had a trading volume of 10,027 shares, compared to its average volume of 18,831. The company has a 50 day moving average of $4.81 and a two-hundred day moving average of $4.86. FAT Brands has a 12 month low of $4.00 and a 12 month high of $8.35. The firm has a market capitalization of $73.57 million, a price-to-earnings ratio of -0.47 and a beta of 0.89.

FAT Brands (NASDAQ:FATBB) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($2.74) EPS for the quarter. The company had revenue of $143.37 million for the quarter.

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.