FAT Brands Inc. (NASDAQ:FATBP – Get Rating) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 26,600 shares, a drop of 28.5% from the August 31st total of 37,200 shares. Based on an average trading volume of 12,300 shares, the short-interest ratio is currently 2.2 days.
FAT Brands Price Performance
NASDAQ FATBP traded up $0.57 on Friday, reaching $17.97. 15,312 shares of the company's stock traded hands, compared to its average volume of 27,067. FAT Brands has a 12 month low of $11.50 and a 12 month high of $24.43. The stock has a 50-day moving average price of $17.72.
Get FAT Brands alerts:FAT Brands Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Monday, October 10th will be paid a dividend of $0.1719 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 11.48%. The ex-dividend date is Thursday, October 6th.
About FAT Brands
(Get Rating)FAT Brands Inc, a multi-brand franchising company, acquires, develops, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. As of April 18, 2022, it owned seventeen restaurant brands, including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean, and Ponderosa Steakhouse/Bonanza Steakhouse, as well as 2,300 franchised locations.
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