BT Brands, Inc. (NASDAQ:BTBD) Sees Significant Increase in Short Interest

BT Brands, Inc. (NASDAQ:BTBD) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 6,300 shares, an increase of 215.0% from the February 29th total of 2,000 shares. Based on an average trading volume of 159,400 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of BT Brands

A hedge fund recently raised its stake in BT Brands stock. Tower Research Capital LLC TRC raised its holdings in BT Brands, Inc. (NASDAQ:BTBD) by 194.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,173 shares of the company’s stock after purchasing an additional 8,033 shares during the period. Tower Research Capital LLC TRC owned 0.19% of BT Brands worth $26,000 at the end of the most recent reporting period. 0.44% of the stock is owned by institutional investors and hedge funds.

BT Brands Stock Performance

Shares of BT Brands stock traded up $0.05 during trading hours on Thursday, reaching $1.68. The company’s stock had a trading volume of 297 shares, compared to its average volume of 181,119. BT Brands has a one year low of $1.45 and a one year high of $3.05. The stock’s fifty day simple moving average is $1.91 and its two-hundred day simple moving average is $2.02. The company has a quick ratio of 5.64, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

BT Brands Company Profile

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.