FAT Brands Inc. (NASDAQ:FATBP) Sees Large Increase in Short Interest

by · The Cerbat Gem

FAT Brands Inc. (NASDAQ:FATBP – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 17,100 shares, a growth of 140.8% from the March 15th total of 7,100 shares. Based on an average daily volume of 28,600 shares, the days-to-cover ratio is currently 0.6 days.

FAT Brands Stock Down 3.3 %

Shares of FAT Brands stock traded down $0.23 during trading on Tuesday, hitting $6.72. 16,371 shares of the stock traded hands, compared to its average volume of 22,582. FAT Brands has a twelve month low of $6.47 and a twelve month high of $15.93. The company has a fifty day moving average price of $9.06 and a two-hundred day moving average price of $9.47.

FAT Brands Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 21st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.1719 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.06 annualized dividend and a dividend yield of 30.69%.

FAT Brands Company Profile

(Get Free Report)

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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