FAT Brands Inc. (NASDAQ:FATBB) Short Interest Update

FAT Brands Inc. (NASDAQ:FATBB) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 2,600 shares, a growth of 271.4% from the September 30th total of 700 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 6,400 shares, the short-interest ratio is presently 0.4 days.

FAT Brands Stock Performance

NASDAQ:FATBB traded up $0.07 during trading hours on Friday, reaching $4.52. The company’s stock had a trading volume of 828 shares, compared to its average volume of 3,868. The firm has a market capitalization of $73.90 million, a price-to-earnings ratio of -0.73 and a beta of 0.90. The firm has a 50-day simple moving average of $4.84 and a 200-day simple moving average of $5.16. FAT Brands has a 1 year low of $4.33 and a 1 year high of $8.35.

FAT Brands (NASDAQ:FATBB) last issued its earnings results on Wednesday, July 31st. The company reported ($1.93) EPS for the quarter. The company had revenue of $152.04 million for the quarter.

Hedge Funds Weigh In On FAT Brands

A hedge fund recently bought a new stake in FAT Brands stock. Ridgewood Investments LLC acquired a new position in shares of FAT Brands Inc. (NASDAQ:FATBB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,849 shares of the company’s stock, valued at approximately $32,000.

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.