FAT Brands Inc. (NASDAQ:FATBB – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,500 shares, an increase of 6.1% from the March 15th total of 3,300 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 3.2 days.
FAT Brands Trading Down 0.8 %
FAT Brands stock opened at $6.00 on Thursday. The business’s 50 day simple moving average is $6.81 and its 200 day simple moving average is $6.09. FAT Brands has a 12 month low of $5.02 and a 12 month high of $8.96.
FAT Brands (NASDAQ:FATBB – Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.68) EPS for the quarter. The firm had revenue of $158.64 million during the quarter.
Hedge Funds Weigh In On FAT Brands
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.
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