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

FAT Brands Inc. (NASDAQ:FATBP) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 13,400 shares, a drop of 19.8% from the January 31st total of 16,700 shares. Based on an average daily trading volume, of 23,200 shares, the short-interest ratio is presently 0.6 days.

FAT Brands Trading Down 1.3 %

NASDAQ FATBP traded down $0.13 during trading on Tuesday, reaching $9.68. 17,007 shares of the company’s stock traded hands, compared to its average volume of 19,840. The company’s 50 day simple moving average is $9.89 and its two-hundred day simple moving average is $9.86. FAT Brands has a 12-month low of $9.13 and a 12-month high of $16.37.

FAT Brands Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a dividend of $0.1719 per share. This represents a $2.06 dividend on an annualized basis and a yield of 21.32%. The ex-dividend date is Monday, March 10th.

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.