Short Interest in FAT Brands Inc. (NASDAQ:FAT) Expands By 105.9%

FAT Brands Inc. (NASDAQ:FAT) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 206,300 shares, an increase of 105.9% from the January 31st total of 100,200 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average daily volume of 48,200 shares, the short-interest ratio is presently 4.3 days.

Institutional Trading of FAT Brands

A hedge fund recently bought a new stake in FAT Brands stock. FNY Investment Advisers LLC acquired a new stake in FAT Brands Inc. (NASDAQ:FAT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,069 shares of the company’s stock, valued at approximately $85,000. FNY Investment Advisers LLC owned about 0.09% of FAT Brands at the end of the most recent reporting period. Institutional investors and hedge funds own 6.90% of the company’s stock.

FAT Brands Price Performance

NASDAQ:FAT traded down $0.14 during trading hours on Friday, hitting $3.29. 53,811 shares of the company were exchanged, compared to its average volume of 69,118. The stock has a market capitalization of $56.28 million, a price-to-earnings ratio of -0.36 and a beta of 1.82. FAT Brands has a 52-week low of $3.27 and a 52-week high of $9.13. The company’s 50 day moving average price is $4.67 and its 200-day moving average price is $5.00.

FAT Brands (NASDAQ:FAT) last released its earnings results on Thursday, February 27th. The company reported ($4.06) earnings per share for the quarter, missing the consensus estimate of ($2.68) by ($1.38). The business had revenue of $145.28 million for the quarter, compared to the consensus estimate of $157.45 million. On average, equities analysts predict that FAT Brands will post -10.23 earnings per share for the current year.

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.