FAT Brands Inc. (NASDAQ:FATBB - Get Free Report) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,800 shares, an increase of 111.1% from the December 31st total of 1,800 shares. Currently, 0.8% of the company's stock are sold short. Based on an average daily trading volume, of 5,800 shares, the short-interest ratio is currently 0.7 days.
Institutional Investors Weigh In On FAT Brands
An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC increased its stake in FAT Brands Inc. (NASDAQ:FATBB - Free Report) by 14.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 46,307 shares of the company's stock after buying an additional 5,936 shares during the quarter. Geode Capital Management LLC's holdings in FAT Brands were worth $225,000 at the end of the most recent quarter.
FAT Brands Stock Performance
FATBB traded down $0.02 during mid-day trading on Tuesday, reaching $4.41. 1,933 shares of the stock were exchanged, compared to its average volume of 17,429. The company has a 50 day moving average price of $4.80 and a two-hundred day moving average price of $4.85. The stock has a market capitalization of $75.46 million, a PE ratio of -0.48 and a beta of 0.99. FAT Brands has a 1 year low of $4.00 and a 1 year high of $8.35.
FAT Brands Company Profile
(
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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.
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