Short Interest in FAT Brands Inc. (NASDAQ:FATBB) Declines By 60.0%

FAT Brands Inc. (NASDAQ:FATBB) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 200 shares, a decline of 60.0% from the June 30th total of 500 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

FAT Brands Trading Down 2.7 %

NASDAQ:FATBB traded down $0.14 on Thursday, hitting $5.01. 186 shares of the company’s stock were exchanged, compared to its average volume of 1,881. The firm has a 50-day moving average price of $5.00 and a 200-day moving average price of $5.98. FAT Brands has a 52 week low of $4.57 and a 52 week high of $8.96.

FAT Brands (NASDAQ:FATBB) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($2.37) EPS for the quarter. The business had revenue of $151.97 million for the quarter.

FAT Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.56 annualized dividend and a yield of 11.18%. FAT Brands’s dividend payout ratio (DPR) is presently -9.08%.

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.