Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Rises By 10.3%

BT Brands, Inc. (NASDAQ:BTBD) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 17,200 shares, an increase of 10.3% from the August 31st total of 15,600 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 6,300 shares, the short-interest ratio is currently 2.7 days.

BT Brands Stock Down 2.1 %

NASDAQ BTBD traded down $0.04 during trading on Tuesday, reaching $1.64. 13,690 shares of the company’s stock were exchanged, compared to its average volume of 65,038. BT Brands has a 1 year low of $1.25 and a 1 year high of $3.05. The stock has a market cap of $10.24 million, a P/E ratio of -7.81 and a beta of 0.52. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.76 and a current ratio of 3.96. The company has a 50 day moving average price of $1.49 and a two-hundred day moving average price of $1.52.

BT Brands (NASDAQ:BTBD) last announced its earnings results on Tuesday, August 13th. The company reported ($0.01) EPS for the quarter. BT Brands had a negative net margin of 7.91% and a negative return on equity of 12.45%. The business had revenue of $4.11 million during the quarter.

BT Brands announced that its Board of Directors has authorized a stock buyback program on Thursday, June 6th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

About BT Brands

BT Brands, Inc owns and operates fast-food restaurants in the north central region of United States. The company operates Burger Time restaurants located in Minnesota, North Dakota, and South Dakota; and a Dairy Queen franchise in Ham Lake, Minnesota. Its Burger Time restaurants provide various burgers and other food products, such as chicken sandwiches, pulled pork sandwiches, chicken chunks, side dishes, and soft drinks; and Dairy Queen restaurant offers burgers, chicken, sides, ice cream and other desserts, and various beverages.