Short Interest in FAT Brands Inc. (NASDAQ:FATBP) Decreases By 39.3%

FAT Brands Inc. (NASDAQ:FATBP) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 7,100 shares, a decrease of 39.3% from the February 28th total of 11,700 shares. Based on an average daily volume of 23,500 shares, the short-interest ratio is currently 0.3 days.

FAT Brands Stock Down 8.8 %

Shares of FATBP stock traded down $0.79 during trading on Monday, hitting $8.15. The company had a trading volume of 60,799 shares, compared to its average volume of 24,620. FAT Brands has a 52 week low of $8.02 and a 52 week high of $15.95. The stock’s 50-day moving average is $9.75 and its two-hundred day moving average is $9.71.

FAT Brands Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, April 21st. Stockholders of record on Thursday, April 10th will be issued a $0.1719 dividend. This represents a $2.06 annualized dividend and a dividend yield of 25.31%. The ex-dividend date is Thursday, April 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.