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

FAT Brands Inc. (NASDAQ:FATBP) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 13,400 shares, a drop of 19.8% from the January 31st total of 16,700 shares. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is currently 0.6 days.

FAT Brands Price Performance

Shares of FAT Brands stock traded down $0.13 during trading on Tuesday, hitting $9.68. The stock had a trading volume of 17,007 shares, compared to its average volume of 19,840. The firm’s fifty day simple moving average is $9.89 and its 200-day simple moving average is $9.86. FAT Brands has a 12 month low of $9.13 and a 12 month high of $16.37.

FAT Brands Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.1719 dividend. This represents a $2.06 annualized dividend and a yield of 21.32%. The ex-dividend date is Monday, March 10th.

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.