FAT Brands Inc. (NASDAQ:FATBP) Short Interest Update

FAT Brands Inc. (NASDAQ:FATBP) saw 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 short-interest ratio is presently 0.4 days.

FAT Brands Trading Up 3.4 %

NASDAQ:FATBP opened at $10.11 on Friday. FAT Brands has a one year low of $9.13 and a one year high of $16.37. The firm’s 50 day simple moving average is $9.59 and its 200 day simple moving average is $11.66.

FAT Brands Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 10th will be given a $0.1719 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 20.40%. The ex-dividend date is Tuesday, December 10th. This is a positive change from FAT Brands’s previous monthly dividend of $0.17.

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.