Short Interest in FAT Brands Inc. (NASDAQ:FATBB) Decreases By 47.1%

FAT Brands Inc. (NASDAQ:FATBB) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 1,800 shares, a drop of 47.1% from the December 15th total of 3,400 shares. Based on an average trading volume of 9,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Trading of FAT Brands

A hedge fund recently raised its stake in FAT Brands stock. Geode Capital Management LLC increased its holdings in shares of FAT Brands Inc. (NASDAQ:FATBB) by 14.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,307 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission.

FAT Brands Stock Performance

FATBB stock traded up $0.08 on Tuesday, reaching $4.69. The company had a trading volume of 2,265 shares, compared to its average volume of 23,158. The company’s fifty day moving average is $4.62 and its 200 day moving average is $4.79. The company has a market cap of $80.23 million, a P/E ratio of -0.51 and a beta of 0.89. FAT Brands has a 1 year low of $4.13 and a 1 year high of $8.35.

FAT Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 11.94%. The ex-dividend date of this dividend was Friday, November 15th. FAT Brands’s payout ratio is currently -6.07%.

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.