FAT Brands Inc. (NASDAQ:FATBB – Get Free Report) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 300 shares, a decline of 91.4% from the February 28th total of 3,500 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in FAT Brands stock. Geode Capital Management LLC boosted its stake in FAT Brands Inc. (NASDAQ:FATBB – Free Report) by 14.7% in the third quarter, according to the company in 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 quarter. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 at the end of the most recent quarter.
FAT Brands Stock Performance
FATBB traded down $0.17 during trading on Friday, reaching $2.88. The company had a trading volume of 4,235 shares, compared to its average volume of 6,261. The firm’s 50-day simple moving average is $3.93 and its 200 day simple moving average is $4.43. The company has a market cap of $51.24 million, a price-to-earnings ratio of -0.31 and a beta of 1.06. FAT Brands has a 12-month low of $2.70 and a 12-month 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.
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