FAT Brands Inc. (NASDAQ:FATBB) Short Interest Up 271.4% in October

FAT Brands Inc. (NASDAQ:FATBB) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 2,600 shares, an increase of 271.4% from the September 30th total of 700 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is currently 0.4 days.

FAT Brands Trading Up 1.6 %

NASDAQ:FATBB traded up $0.07 during mid-day trading on Friday, hitting $4.52. The stock had a trading volume of 825 shares, compared to its average volume of 3,868. FAT Brands has a twelve month low of $4.33 and a twelve month high of $8.35. The company has a market capitalization of $73.90 million, a PE ratio of -0.72 and a beta of 0.90. The stock has a 50-day simple moving average of $4.84 and a two-hundred day simple moving average of $5.17.

FAT Brands (NASDAQ:FATBB) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($1.93) earnings per share (EPS) for the quarter. The firm had revenue of $152.04 million for the quarter.

Institutional Trading of FAT Brands

A hedge fund recently bought a new stake in FAT Brands stock. Ridgewood Investments LLC acquired a new position in shares of FAT Brands Inc. (NASDAQ:FATBB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,849 shares of the company’s stock, valued at approximately $32,000.

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.