Short Interest in FAT Brands Inc. (NASDAQ:FATBB) Drops By 91.4%

FAT Brands Inc. (NASDAQ:FATBB) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 300 shares, a drop of 91.4% from the February 28th total of 3,500 shares. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On FAT Brands

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

FAT Brands Stock Down 5.6 %

NASDAQ FATBB traded down $0.17 on Friday, hitting $2.88. The stock had a trading volume of 4,235 shares, compared to its average volume of 6,261. The company’s 50-day moving average is $3.93 and its two-hundred day moving average is $4.43. FAT Brands has a one year low of $2.70 and a one year high of $8.00. The stock has a market cap of $51.24 million, a price-to-earnings ratio of -0.31 and a beta of 1.06.

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.