FAT Brands Inc. (NASDAQ:FATBB) Short Interest Down 91.4% in March

FAT Brands Inc. (NASDAQ:FATBB) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 300 shares, a decrease of 91.4% from the February 28th total of 3,500 shares. Based on an average trading volume of 10,100 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On FAT Brands

A hedge fund recently raised its stake in FAT Brands stock. Geode Capital Management LLC boosted its holdings in shares of FAT Brands Inc. (NASDAQ:FATBB) by 14.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,307 shares of the company’s stock after buying an additional 5,936 shares during the period. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

FAT Brands Price Performance

Shares of FATBB traded down $0.04 during trading hours on Thursday, hitting $2.94. 1,637 shares of the company were exchanged, compared to its average volume of 6,240. The company has a market capitalization of $52.28 million, a PE ratio of -0.32 and a beta of 1.06. The firm has a fifty day simple moving average of $3.96 and a 200-day simple moving average of $4.44. FAT Brands has a one year low of $2.70 and a one year 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.