Short Interest in FAT Brands Inc. (NASDAQ:FATBP) Expands By 519.5%

FAT Brands Inc. (NASDAQ:FATBP) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 25,400 shares, a growth of 519.5% from the August 31st total of 4,100 shares. Based on an average daily volume of 23,400 shares, the short-interest ratio is currently 1.1 days.

FAT Brands Price Performance

Shares of FATBP stock traded down $0.07 during trading hours on Wednesday, hitting $9.93. 19,347 shares of the company’s stock traded hands, compared to its average volume of 16,471. The stock’s fifty day simple moving average is $11.31 and its two-hundred day simple moving average is $13.56. FAT Brands has a 12-month low of $9.33 and a 12-month high of $16.40.

FAT Brands Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, September 10th were issued a $0.1719 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $2.06 dividend on an annualized basis and a yield of 20.77%.

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.