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

FAT Brands Inc. (NASDAQ:FATBB) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,100 shares, a decline of 66.1% from the January 31st total of 6,200 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 8,600 shares, the short-interest ratio is presently 0.2 days.

FAT Brands Trading Down 4.1 %

NASDAQ:FATBB traded down $0.13 during mid-day trading on Friday, reaching $3.03. 1,413 shares of the stock were exchanged, compared to its average volume of 12,141. The business has a fifty day moving average price of $4.50 and a 200 day moving average price of $4.67. The firm has a market capitalization of $51.83 million, a PE ratio of -0.33 and a beta of 0.99. FAT Brands has a 1-year low of $3.03 and a 1-year high of $8.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC raised its stake in FAT Brands Inc. (NASDAQ:FATBB) by 14.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 Company Profile

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.