FAT Brands Inc. (NASDAQ:FATBP) Sees Large Decline in Short Interest

FAT Brands Inc. (NASDAQ:FATBPGet Free Report) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,900 shares, a decrease of 61.2% from the January 15th total of 4,900 shares. Based on an average daily volume of 9,900 shares, the days-to-cover ratio is currently 0.2 days.

FAT Brands Price Performance

NASDAQ FATBP traded down $0.04 during trading hours on Monday, hitting $14.95. 9,227 shares of the company were exchanged, compared to its average volume of 10,349. The company has a 50 day moving average of $14.97 and a two-hundred day moving average of $15.48. FAT Brands has a 52-week low of $13.96 and a 52-week high of $18.49.

FAT Brands Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th will be issued a $0.1719 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 13.80%.

FAT Brands Company Profile

(Get Free Report)

FAT Brands Inc, a multi-brand restaurant 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, and Twin Peaks.

Further Reading

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