FAT Brands Inc. (NASDAQ:FATBB) Sees Significant Growth in Short Interest

FAT Brands Inc. (NASDAQ:FATBB) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 2,600 shares, a growth of 271.4% from the September 30th total of 700 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 6,400 shares, the short-interest ratio is presently 0.4 days.

FAT Brands Stock Up 1.6 %

FAT Brands stock opened at $4.52 on Friday. The stock has a 50 day moving average of $4.84 and a two-hundred day moving average of $5.15. FAT Brands has a twelve month low of $4.33 and a twelve month high of $8.35.

FAT Brands (NASDAQ:FATBB) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($1.93) earnings per share for the quarter. The company had revenue of $152.04 million for the quarter.

Institutional Investors Weigh In On FAT Brands

An institutional investor recently bought a new position in FAT Brands stock. Ridgewood Investments LLC purchased a new position in shares of FAT Brands Inc. (NASDAQ:FATBB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,849 shares of the company’s stock, valued at approximately $32,000.

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.