Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Drops By 56.4%

BT Brands, Inc. (NASDAQ:BTBDGet Rating) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 7,500 shares, a decrease of 56.4% from the April 30th total of 17,200 shares. Based on an average daily trading volume, of 92,300 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the company’s stock are sold short.

Shares of BTBD opened at $2.33 on Friday. BT Brands has a twelve month low of $1.55 and a twelve month high of $5.25. The firm has a fifty day moving average price of $2.23. The company has a current ratio of 9.84, a quick ratio of 13.50 and a debt-to-equity ratio of 0.26.

BT Brands (NASDAQ:BTBDGet Rating) last issued its quarterly earnings data on Wednesday, May 18th. The company reported $0.01 earnings per share (EPS) for the quarter. BT Brands had a net margin of 6.19% and a return on equity of 12.44%. The company had revenue of $2.07 million for the quarter.

An institutional investor recently bought a new position in BT Brands stock. Citadel Advisors LLC bought a new position in shares of BT Brands, Inc. (NASDAQ:BTBDGet Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,776 shares of the company’s stock, valued at approximately $49,000. Citadel Advisors LLC owned about 0.41% of BT Brands at the end of the most recent quarter. Institutional investors and hedge funds own 0.33% of the company’s stock.

BT Brands Company Profile (Get Rating)

BT Brands, Inc owns and operates fast-food restaurants in the north central region of United States. The company operates nine 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, side dishes, and soft drinks; and Dairy Queen restaurant offers burgers, chicken, sides, ice cream and other desserts, and various beverages.

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