BT Brands, Inc. (NASDAQ:BTBD) short interest rose 10.3% in September

BT Brands, Inc. (NASDAQ:BTBD – Get Free Report ) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 17,200 shares, up 10.3% from August 31st’s total of 15,600 shares. Based on an average daily volume of 6,300 shares, the short interest rate is currently 2.7 days. Currently, 0.6% of the company’s shares are short sold.

BT Brands trading up 0.9%

BT Brands stock 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 stock has a market cap of $10.46 million, a price-to-earnings ratio of -7.98 and a beta of 0.52. BT Brands has a 52 week low of $1.25 and a 52 week high of $3.05. The stock has a 50 day moving average price of $1.49 and a two hundred day moving average price of $1.52. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.96, and a quick ratio of 3.76.

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

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

About BT Brands

(Get a free report)

BT Brands, Inc owns and operates fast food restaurants in the North Central region of the 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 offer various burgers and other food items such as chicken sandwiches, pulled pork sandwiches, chicken nuggets, sides and soft drinks; and the Dairy Queen restaurant offers burgers, chicken, sides, ice cream and other desserts, as well as various beverages.

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