FAT Brands Inc. (NASDAQ:FATBP) Short Interest Up 164.7% in April

FAT Brands Inc. (NASDAQ:FATBP) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 4,500 shares, an increase of 164.7% from the March 31st total of 1,700 shares. Based on an average daily trading volume, of 9,500 shares, the days-to-cover ratio is currently 0.5 days.

FAT Brands Price Performance

Shares of FAT Brands stock opened at $14.95 on Friday. FAT Brands has a fifty-two week low of $13.96 and a fifty-two week high of $17.12. The business has a 50-day moving average price of $15.57 and a 200 day moving average price of $15.22.

FAT Brands Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 10th will be paid a $0.1719 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.06 dividend on an annualized basis and a yield of 13.80%.

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.