FAT Brands Inc. (NASDAQ:FAT) Sees Large Growth in Short Interest

FAT Brands Inc. (NASDAQ:FAT) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 206,300 shares, an increase of 105.9% from the January 31st total of 100,200 shares. Currently, 4.2% of the company’s stock are short sold. Based on an average daily volume of 48,200 shares, the short-interest ratio is currently 4.3 days.

FAT Brands Price Performance

NASDAQ FAT traded down $0.14 during trading hours on Friday, hitting $3.29. The company had a trading volume of 53,811 shares, compared to its average volume of 69,118. The company has a market capitalization of $56.28 million, a price-to-earnings ratio of -0.36 and a beta of 1.82. FAT Brands has a fifty-two week low of $3.27 and a fifty-two week high of $9.13. The firm’s 50 day moving average is $4.67 and its 200 day moving average is $5.00.

FAT Brands (NASDAQ:FAT) last released its quarterly earnings results on Thursday, February 27th. The company reported ($4.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.68) by ($1.38). The company had revenue of $145.28 million for the quarter, compared to analysts’ expectations of $157.45 million. On average, equities analysts anticipate that FAT Brands will post -10.23 EPS for the current year.

Institutional Trading of FAT Brands

A hedge fund recently bought a new stake in FAT Brands stock. FNY Investment Advisers LLC acquired a new stake in shares of FAT Brands Inc. (NASDAQ:FAT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,069 shares of the company’s stock, valued at approximately $85,000. FNY Investment Advisers LLC owned approximately 0.09% of FAT Brands as of its most recent SEC filing. 6.90% of the stock is currently owned by hedge funds and other institutional investors.

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.