BT Brands, Inc. Experiences a 17.6% Increase in Short Interest in November

In the month of November, BT Brands, Inc. (NASDAQ:BTBD) saw a notable rise in short interest, marking a continued focus from investors who speculate on the stock's potential decline. On the fifteenth of November, short interest in the company amounted to 2,000 shares. This figure represents a 17.6% increase when compared to the 1,700 shares recorded as of the end of October. Short interest in BT Brands now accounts for 0.1% of its total shares.

Trading Volume and Ratios

With an average daily volume of 1,900 shares, the company has a days-to-cover ratio of roughly 1.1 days, highlighting the relationship between the number of shares shorted and the average daily volume, providing insight into the short interest's size in the context of the stock's liquidity.

Stock Performance Indicators

During a recent trading session, the shares of BT Brands increased in value by $0.10, reaching a price point of $1.70. Trading volumes reached 17,589 shares, against an average of 588 shares. BT Brands's financial stability can be gauged through several indicators such as a debt-to-equity ratio of 0.24, and liquidity ratios signifying the company's short-term financial health with a current ratio of 5.79 and a quick ratio of 5.64. The stock has also experienced a wide range in its 52-week performance, touching a low of $1.45 and peaking at $3.00. Additionally, the business's 50-day and 200-day simple moving averages are currently at $1.98 and $2.26, respectively.

Insights on Institutional Investments

Significant institutional interest has been observed as Tower Research Capital LLC TRC significantly increased its stake in BT Brands by 194.0% during the third quarter. The hedge fund's additional acquisition of 8,033 shares brought its total ownership to 12,173 shares of BT Brands, equating to about 0.19% of the company. In general, institutional investors and hedge funds own a minor percentage of 0.10% of BT Brands's stock.

About BT Brands

BT Brands, Inc. is a company that owns and operates a chain of fast-food restaurants primarily in the north central region of the United States. Under its brand portfolio, it runs Burger Time restaurants across Minnesota, North Dakota, and South Dakota, as well as a Dairy Queen franchise. The restaurants offer a variety of menu items including various burgers, chicken sandwiches, sides, and beverages. Its Dairy Queen franchise complements the offering with its array of ice cream, desserts, and other fast-food staples.

ShortInterest, Growth, Stock