FAT Brands Inc. (NASDAQ:FATBP) Short Interest Update

FAT Brands Inc. (NASDAQ:FATBP) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 7,900 shares, a growth of 154.8% from the October 31st total of 3,100 shares. Based on an average daily trading volume, of 21,100 shares, the days-to-cover ratio is presently 0.4 days.

FAT Brands Trading Up 3.4 %

Shares of NASDAQ FATBP opened at $10.11 on Friday. FAT Brands has a 12-month low of $9.13 and a 12-month high of $16.37. The stock has a 50 day simple moving average of $9.59 and a 200-day simple moving average of $11.66.

FAT Brands Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.1719 per share. This is a boost from FAT Brands’s previous monthly dividend of $0.17. This represents a $2.06 dividend on an annualized basis and a dividend yield of 20.40%. The ex-dividend date is Tuesday, December 10th.

FAT Brands Company Profile

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.