BT Brands, Inc. (NASDAQ:BTBD) Short Interest Update

BT Brands, Inc. (NASDAQ:BTBD) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 5,300 shares, a decline of 15.9% from the March 15th total of 6,300 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 159,300 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BT Brands stock. Tower Research Capital LLC TRC increased its stake in shares of BT Brands, Inc. (NASDAQ:BTBD) by 194.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,173 shares of the company’s stock after purchasing an additional 8,033 shares during the quarter. Tower Research Capital LLC TRC owned 0.19% of BT Brands worth $26,000 at the end of the most recent quarter. 0.44% of the stock is currently owned by hedge funds and other institutional investors.

BT Brands Price Performance

BTBD stock remained flat at $1.77 during mid-day trading on Tuesday. The company’s stock had a trading volume of 419 shares, compared to its average volume of 152,321. The stock has a market capitalization of $11.03 million, a P/E ratio of -11.03 and a beta of 0.49. The company has a quick ratio of 4.53, a current ratio of 4.66 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $1.79 and a two-hundred day moving average price of $1.97. BT Brands has a 1-year low of $1.45 and a 1-year high of $3.05.

BT Brands (NASDAQ:BTBD) last announced its earnings results on Thursday, March 28th. The company reported ($0.10) EPS for the quarter. The business had revenue of $3.00 million for the quarter. BT Brands had a negative net margin of 7.05% and a negative return on equity of 10.37%.

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.