FAT Brands Inc. (NASDAQ:FATBB) Sees Large Increase in Short Interest

FAT Brands Inc. (NASDAQ:FATBB) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,500 shares, a growth of 6.1% from the March 15th total of 3,300 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 3.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in FAT Brands by 22.7% during the 3rd quarter. Vanguard Group Inc. now owns 27,250 shares of the company’s stock worth $164,000 after acquiring an additional 5,036 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in FAT Brands by 281.7% in the third quarter. Tower Research Capital LLC TRC now owns 7,427 shares of the company’s stock worth $45,000 after purchasing an additional 5,481 shares during the period. Finally, UBS Group AG raised its holdings in FAT Brands by 81.3% in the third quarter. UBS Group AG now owns 3,937 shares of the company’s stock worth $30,000 after purchasing an additional 1,766 shares during the period.

FAT Brands Stock Down 0.8 %

Shares of FATBB opened at $6.00 on Thursday. The stock’s fifty day simple moving average is $6.81 and its 200-day simple moving average is $6.09. FAT Brands has a 12-month low of $5.02 and a 12-month high of $8.96.

FAT Brands (NASDAQ:FATBB) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($1.68) earnings per share for the quarter. The business had revenue of $158.64 million during the quarter.

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.