FAT Brands Inc. (NASDAQ:FATBB - Get Free Report) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,500 shares, a growth of 66.7% from the February 13th total of 2,100 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.8% of the shares of the company are sold short.
FAT Brands Price Performance
Shares of FAT Brands stock remained flat at $3.02 during trading on Wednesday. The company had a trading volume of 31,581 shares, compared to its average volume of 5,968. FAT Brands has a 12-month low of $2.79 and a 12-month high of $8.00. The firm has a market capitalization of $53.73 million, a P/E ratio of -0.33 and a beta of 1.06. The business's 50-day simple moving average is $4.17 and its 200 day simple moving average is $4.51.
Institutional Trading of FAT Brands
An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC lifted its holdings in FAT Brands Inc. (NASDAQ:FATBB - Free Report) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.
About FAT Brands
(
Get Free Report)
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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