FAT Brands Inc. (NASDAQ:FATBP) Short Interest Update

FAT Brands Inc. (NASDAQ:FATBP) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 7,100 shares, a decrease of 39.3% from the February 28th total of 11,700 shares. Based on an average daily volume of 23,500 shares, the short-interest ratio is presently 0.3 days.

FAT Brands Trading Down 8.8 %

FAT Brands stock traded down $0.79 during trading hours on Monday, reaching $8.15. 60,799 shares of the stock were exchanged, compared to its average volume of 24,620. The stock has a 50 day moving average of $9.75 and a two-hundred day moving average of $9.71. FAT Brands has a twelve month low of $8.02 and a twelve month high of $15.95.

FAT Brands Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, April 21st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.1719 per share. This represents a $2.06 dividend on an annualized basis and a yield of 25.31%. The ex-dividend date is Thursday, April 10th.

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.