Short Interest in BT Brands, Inc. (NASDAQ:BTBD) Rises By 10.3%

BT Brands, Inc. (NASDAQ:BTBD) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 17,200 shares, a growth of 10.3% from the August 31st total of 15,600 shares. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.6% of the shares of the stock are short sold.

BT Brands Price Performance

BTBD traded down $0.04 during midday trading on Tuesday, reaching $1.64. 13,690 shares of the company’s stock were exchanged, compared to its average volume of 65,038. BT Brands has a 1-year low of $1.25 and a 1-year high of $3.05. The stock has a market capitalization of $10.24 million, a PE ratio of -7.81 and a beta of 0.52. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.96 and a quick ratio of 3.76. The business’s 50-day moving average price is $1.49 and its 200 day moving average price is $1.52.

BT Brands (NASDAQ:BTBD) last posted its earnings results on Tuesday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $4.11 million during the quarter. BT Brands had a negative net margin of 7.91% and a negative return on equity of 12.45%.

BT Brands announced that its Board of Directors has initiated a stock buyback plan on Thursday, June 6th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

About BT Brands

BT Brands, Inc owns and operates fast-food restaurants in the north central region of United States. The company operates Burger Time restaurants located in Minnesota, North Dakota, and South Dakota; and a Dairy Queen franchise in Ham Lake, Minnesota. Its Burger Time restaurants provide various burgers and other food products, such as chicken sandwiches, pulled pork sandwiches, chicken chunks, side dishes, and soft drinks; and Dairy Queen restaurant offers burgers, chicken, sides, ice cream and other desserts, and various beverages.