FAT Brands Inc. (NASDAQ:FATBB) Short Interest Down 91.4% in March

FAT Brands Inc. (NASDAQ:FATBB) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 300 shares, a drop of 91.4% from the February 28th total of 3,500 shares. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On FAT Brands

An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC boosted its stake in FAT Brands Inc. (NASDAQ:FATBB) by 14.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,307 shares of the company’s stock after buying an additional 5,936 shares during the period. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 at the end of the most recent quarter.

FAT Brands Trading Down 1.4 %

NASDAQ:FATBB traded down $0.04 during mid-day trading on Thursday, hitting $2.94. The stock had a trading volume of 1,637 shares, compared to its average volume of 6,240. The company has a 50 day simple moving average of $3.96 and a 200-day simple moving average of $4.44. The stock has a market capitalization of $52.28 million, a price-to-earnings ratio of -0.32 and a beta of 1.06. FAT Brands has a 52 week low of $2.70 and a 52 week high of $8.00.

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.