FAT Brands Inc. (NASDAQ:FATBB) Short Interest Up 400.0% in June

FAT Brands Inc. (NASDAQ:FATBB) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 500 shares, a growth of 400.0% from the June 15th total of 100 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

FAT Brands Stock Up 2.0 %

Shares of NASDAQ:FATBB traded up $0.09 on Thursday, hitting $4.70. The company had a trading volume of 272 shares, compared to its average volume of 1,950. The business has a 50 day moving average of $5.14 and a 200 day moving average of $6.01. FAT Brands has a 52-week low of $4.57 and a 52-week high of $8.96.

FAT Brands (NASDAQ:FATBB) last posted its earnings results on Wednesday, May 1st. The company reported ($2.37) earnings per share (EPS) for the quarter. The firm had revenue of $151.97 million during the quarter.

FAT Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 11.91%. The ex-dividend date of this dividend was Tuesday, May 14th. FAT Brands’s payout ratio is currently -9.08%.

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.