BT Brands, Inc. (NASDAQ:BTBD) Short Interest Up 10.3% in September

BT Brands, Inc. (NASDAQ:BTBD) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 17,200 shares, an increase of 10.3% from the August 31st total of 15,600 shares. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.6% of the shares of the company are sold short.

BT Brands Stock Performance

NASDAQ BTBD traded up $0.02 during trading on Friday, reaching $1.68. The company’s stock had a trading volume of 6,249 shares, compared to its average volume of 65,342. The firm has a 50 day moving average price of $1.49 and a 200 day moving average price of $1.52. BT Brands has a 12 month low of $1.25 and a 12 month high of $3.05. The firm has a market capitalization of $10.46 million, a price-to-earnings ratio of -7.98 and a beta of 0.52. The company has a current ratio of 3.96, a quick ratio of 3.76 and a debt-to-equity ratio of 0.25.

BT Brands (NASDAQ:BTBD) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $4.11 million for the quarter. BT Brands had a negative return on equity of 12.45% and a negative net margin of 7.91%.

BT Brands declared that its board has initiated a share buyback plan on Thursday, June 6th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.