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

FAT Brands Inc. (NASDAQ:FATBB) saw a significant 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 stock are sold short. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is currently 0.4 days.

FAT Brands Stock 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 stock has a market cap of $53.91 million, a price-to-earnings ratio of -0.33 and a beta of 1.06. FAT Brands has a 1 year low of $3.00 and a 1 year high of $8.00. The business has a fifty day moving average of $4.24 and a 200 day moving average of $4.54.

Institutional Trading of FAT Brands

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