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

BT Brands, Inc. (NASDAQ:BTBD) saw 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 daily volume of 6,300 shares, the short-interest ratio is presently 2.7 days. Currently, 0.6% of the company’s shares are short sold.

BT Brands Trading Up 0.9 %

Shares of BT Brands stock traded up $0.02 during trading on Friday, hitting $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) 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 repurchase plan on Thursday, June 6th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

About BT Brands

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.