FAT Brands Inc. (NASDAQ:FATBB) Sees Significant Decline in Short Interest

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

FAT Brands Price Performance

Shares of FAT Brands stock traded up $0.29 during trading on Friday, hitting $5.30. 2,448 shares of the stock were exchanged, compared to its average volume of 1,886. The firm’s 50-day moving average price is $5.00 and its 200 day moving average price is $5.98. FAT Brands has a 12-month low of $4.57 and a 12-month high of $8.96.

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

FAT Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.56 annualized dividend and a yield of 10.57%. FAT Brands’s dividend payout ratio is currently -9.08%.

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.