Short Interest in FAT Brands Inc. (NASDAQ:FATBB) Expands By 66.7%

by · The Cerbat Gem

FAT Brands Inc. (NASDAQ:FATBB – Get Free Report) was the target of a large increase in short interest in 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. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of FAT Brands

A hedge fund recently raised its stake in FAT Brands stock. Geode Capital Management LLC boosted its position in shares of FAT Brands Inc. (NASDAQ:FATBB – Free Report) by 14.7% in the third 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 purchasing 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 reporting period.

FAT Brands Stock Down 1.3 %

Shares of FATBB traded down $0.04 during trading hours on Friday, reaching $3.03. The stock had a trading volume of 4,711 shares, compared to its average volume of 10,522. FAT Brands has a 52 week low of $3.00 and a 52 week high of $8.00. The firm has a 50-day moving average of $4.24 and a 200 day moving average of $4.54. The company has a market cap of $53.91 million, a P/E ratio of -0.33 and a beta of 1.06.

About FAT Brands

(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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