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

FAT Brands Inc. (NASDAQ:FATBB) 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) 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

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in FAT Brands by 22.7% during the 3rd quarter. Vanguard Group Inc. now owns 27,250 shares of the company’s stock worth $164,000 after purchasing an additional 5,036 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of FAT Brands by 281.7% during the third quarter. Tower Research Capital LLC TRC now owns 7,427 shares of the company’s stock valued at $45,000 after buying an additional 5,481 shares during the period. Finally, UBS Group AG lifted its holdings in shares of FAT Brands by 81.3% in the third quarter. UBS Group AG now owns 3,937 shares of the company’s stock worth $30,000 after buying an additional 1,766 shares in the last quarter.

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.