FAT Brands Inc. (NASDAQ:FATBB) Sees Large Growth in Short Interest

FAT Brands Inc. (NASDAQ:FATBB) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,500 shares, an increase of 66.7% from the February 13th total of 2,100 shares. Based on an average trading volume of 8,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FAT Brands stock. Geode Capital Management LLC increased its position in shares of FAT Brands Inc. (NASDAQ:FATBB) by 14.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,307 shares of the company’s stock after acquiring an additional 5,936 shares during the period. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 at the end of the most recent quarter.

FAT Brands Trading Down 1.3 %

FAT Brands stock traded down $0.04 during mid-day trading on Friday, hitting $3.03. The company had a trading volume of 4,711 shares, compared to its average volume of 10,522. The company has a market capitalization of $53.91 million, a price-to-earnings ratio of -0.33 and a beta of 1.06. FAT Brands has a 12-month low of $3.00 and a 12-month high of $8.00. The company’s fifty day moving average is $4.24 and its 200-day moving average is $4.54.

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.