FAT Brands Inc. (NASDAQ:FATBP) Short Interest Up 154.8% in November

FAT Brands Inc. (NASDAQ:FATBP) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 7,900 shares, a growth of 154.8% from the October 31st total of 3,100 shares. Based on an average trading volume of 21,100 shares, the days-to-cover ratio is currently 0.4 days.

FAT Brands Stock Up 2.0 %

Shares of FAT Brands stock opened at $9.78 on Thursday. FAT Brands has a 12-month low of $9.13 and a 12-month high of $16.37. The stock’s fifty day moving average is $9.60 and its 200-day moving average is $11.69.

FAT Brands Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th were paid a dividend of $0.1719 per share. This represents a $2.06 dividend on an annualized basis and a yield of 21.09%. The ex-dividend date was Friday, November 8th.

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.