FAT Brands Inc. (NASDAQ:FATBB – Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 300 shares, a decline of 91.4% from the February 28th total of 3,500 shares. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are short sold.
FAT Brands Stock Performance
Shares of FATBB stock traded up $0.05 during trading hours on Wednesday, hitting $3.04. The company had a trading volume of 3,091 shares, compared to its average volume of 6,256. The firm has a market capitalization of $54.07 million, a price-to-earnings ratio of -0.33 and a beta of 1.06. The firm’s fifty day moving average is $3.96 and its 200 day moving average is $4.44. FAT Brands has a 12 month low of $2.70 and a 12 month high of $8.00.
Hedge Funds Weigh In On FAT Brands
A hedge fund recently raised its stake in FAT Brands stock. Geode Capital Management LLC grew its stake in shares of FAT Brands Inc. (NASDAQ:FATBB – Free Report) by 14.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,307 shares of the company’s stock after buying an additional 5,936 shares during the period. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.
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.
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