Short Interest in FAT Brands Inc. (NASDAQ:FATBB) Declines By 47.1%

FAT Brands Inc. (NASDAQ:FATBB) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,800 shares, a drop of 47.1% from the December 15th total of 3,400 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 9,100 shares, the short-interest ratio is currently 0.2 days.

FAT Brands Trading Up 1.7 %

NASDAQ:FATBB traded up $0.08 on Tuesday, hitting $4.69. 2,265 shares of the stock were exchanged, compared to its average volume of 23,158. The stock has a market cap of $80.23 million, a PE ratio of -0.51 and a beta of 0.89. FAT Brands has a fifty-two week low of $4.13 and a fifty-two week high of $8.35. The stock has a fifty day moving average of $4.62 and a 200-day moving average of $4.79.

FAT Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.56 dividend on an annualized basis and a yield of 11.94%. FAT Brands’s dividend payout ratio (DPR) is -6.07%.

Hedge Funds Weigh In On FAT Brands

An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC increased its holdings in FAT Brands Inc. (NASDAQ:FATBB) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,307 shares of the company’s stock after acquiring an additional 5,936 shares during the quarter. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 as of its most recent filing with the SEC.

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.