Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Drops By 42.1%

BT Brands, Inc. (NASDAQ:BTBD) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 52,125 shares, a decrease of 42.1% from the February 26th total of 89,969 shares. Based on an average daily volume of 285,456 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Trading of BT Brands

A hedge fund recently raised its stake in BT Brands stock. DRW Securities LLC increased its holdings in shares of BT Brands, Inc. (NASDAQ:BTBD) by 758.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,396 shares of the company’s stock after purchasing an additional 111,679 shares during the quarter. DRW Securities LLC owned approximately 2.06% of BT Brands worth $176,000 as of its most recent SEC filing. 0.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of BT Brands in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

BT Brands Trading Down 2.9%

NASDAQ BTBD opened at $1.66 on Friday. The stock has a market capitalization of $10.21 million, a price-to-earnings ratio of -11.86 and a beta of 0.89. The stock’s 50 day moving average price is $1.39 and its two-hundred day moving average price is $1.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 6.22 and a current ratio of 6.80. BT Brands has a 52 week low of $1.00 and a 52 week high of $5.60.

BT Brands Company Profile

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