FAT Brands Inc. (NASDAQ:FATBB) Sees Significant Decline in Short Interest

FAT Brands Inc. (NASDAQ:FATBB) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totalling 200 shares, a drop of 60.0% from the June 30th total of 500 shares. Based on an average daily volume of 1,800 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

FAT Brands Trading Up 5.8 %

FATBB stock traded up $0.29 during midday trading on Friday, reaching $5.30. 2,448 shares of the company’s stock traded hands, compared to its average volume of 1,886. The company has a 50-day simple moving average of $5.00 and a two-hundred day simple moving average of $5.98. FAT Brands has a 1-year low of $4.57 and a 1-year high of $8.96.

FAT Brands (NASDAQ:FATBB) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($2.37) earnings per share for the quarter. The company had revenue of $151.97 million during the quarter.

FAT Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a $0.14 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.56 annualized dividend and a dividend yield of 10.57%. FAT Brands’s dividend payout ratio is currently -9.08%.

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.