FAT Brands Inc. (NASDAQ:FATBB - Get Free Report) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,100 shares, a decline of 66.1% from the January 31st total of 6,200 shares. Currently, 0.5% of the company's shares are short sold. Based on an average daily trading volume, of 8,600 shares, the days-to-cover ratio is currently 0.2 days.
FAT Brands Stock Up 3.8 %
NASDAQ FATBB traded up $0.12 on Tuesday, reaching $3.36. The company had a trading volume of 2,357 shares, compared to its average volume of 11,675. FAT Brands has a 52 week low of $3.03 and a 52 week high of $8.00. The stock's 50 day moving average is $4.47 and its 200-day moving average is $4.65. The stock has a market cap of $57.55 million, a price-to-earnings ratio of -0.36 and a beta of 0.99.
Institutional Inflows and Outflows
An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC grew its position in FAT Brands Inc. (NASDAQ:FATBB - Free Report) by 14.7% in the 3rd quarter, according to its most recent filing with the Securities & 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 at the end of the most recent quarter.
FAT Brands Company Profile
(
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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